Stamp Duty Land Tax (SDLT) is an amount payable to HM Revenue & Customs on the purchase of property or land in the UK. SDLT is subject to change; for the most up-to-date information please refer to the UK Government’s latest published guidance available here.
The structure through which London House Exchange purchases properties, means that an additional 3% SDLT is payable on the purchase of residential properties, including the first purchase. On certain purchases, where multiple units are purchased in a singular or linked transaction, the purchase may qualify for multiple dwellings relief, reducing the SDLT liability.
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