Stamp Duty Holiday Extended

Chancellor of the exchequer Rishi Sunak

Stamp Duty Land Tax Holiday Extended Three month extension leads to £1 billion in home owner savings What is stamp duty land tax? Stamp Duty Land Tax or SDLT is a mandatory tax you must pay if you’re purchasing a property or parcel on land in England or Northern Ireland. The amount you pay depends […]

Stamp Duty Land Tax (SDLT) and Resting on Contract

Historically, it was possible to avoid or defer payment of the stamp duty property tax (SDLT) on land purchases by leaving the transaction “contract-based”, meaning that the contract of purchase of a property would be exchanged and the purchase price would be paid by the buyer to the seller but the actual transfer of the legal interest in the property would not pass to the buyer.