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  • Regulatory Impact Assessment - Stamp Duty Land Tax (administration) (amendment No. 2) Regulations

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Regulatory Impact Assessment Stamp Duty Land Tax (Administration) (Amendment No. 2) Regulations 2005; Amendment of the SDLT 60 Self-Certification Form Purpose and intended effect of the measure The.

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How much stamp duty will I have to pay when buying a residential property? BracketsRateUp to £250,0000%The next £675,000 (the portion from £250,001 to £925,000)5%The next £575,000 (the portion from £925,001 to £1.5 million)10%The remaining amount (the portion above £1.5 million)12%

Stamp Duty for first time buyers: Property valueSDLT rateUp to £425,000ZeroThe next £500,000 (the value between £425,001 to £925,000)5%The next £575,000 (the value between £925,001 to £1.5 million)10%The remaining amount (the value above £1.5 million)12%

If you buy a property for less than the threshold, there's no SDLT to pay. The current SDLT thresholds are: £250,000 for residential properties. £425,000 for first-time buyers buying a residential property worth £625,000 or less.

So while the stamp duty rate is 0% for properties under £250,000, it will be 3% for additional properties. While for properties priced £250,001 to £925,000, which would face a regular stamp duty rate of 5%. If it's an additional property, the stamp duty rate would be 8%. However, some additional properties are exempt.

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Keywords relevant to Regulatory Impact Assessment - Stamp Duty Land Tax (Administration) (Amendment No. 2) Regulations

  • keith
  • 2005
  • uk
  • SW1A
  • formalises
  • 2BQ
  • deregulatory
  • Ivan
  • SDLT60
  • brownhmrc
  • gsi
  • GC
  • enactment
  • envisage
  • amending
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232