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Stamp Duty Land Tax – A Short History Since 1959

Stamp Duty Land Tax (SDLT) replaced Stamp Duty as the Duty Tax paid on property transactions in December 2003, when residential and non-residential properties where also separated. In the forty years preceding Gordon Brown’s elevation to Chancellor of the Exchequer, the top rate had never ranged outside 1.0%-2.0%. Within just over 3 years of his appointment, the […]

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2014 Budget Announcement: Extended Property Taxes and a Boost for Small Developers

Chancellor of the Exchequer, George Osborne,  announced the United Kingdom’s budget for 2014 today. In his speech, the chancellor discussed a wide variety of current issues. Some of the main issues the chancellor reviewed, that are relevant to both property investors and developers, were the topics of tax avoidance and housing supply. The Chancellor effectively […]

Considering an SDLT Avoidance Scheme?

The Estates Gazette recently published an article by solicitor Tom Hubbard of Hill Dickinson on some issues associated with Stamp Duty Land Tax (SDLT) avoidance schemes. We have outlined some of the main points from the article below.  What is SDLT? SDLT was introduced from December 1st 2003, designed to replace stamp duty for most […]

Plans For Stamp Duty Cut Aim To Boost Returns For Private Rented Sector

According to the Property Industry Alliance a potential cut of the stamp duty land tax could increase returns from residential funds by as much as 150 basis points over the next three years. Moreover, the PIA, which also includes organizations such as the RICS and the British Property Federation, believes that currently, the SDLT rules […]