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Posted by Liz Seyi on January 2, 2025 at 4:19am 0 Comments 0 Likes
Chancellor Rachel Reeves announced changes to Stamp Duty Land Tax (SDLT) in the Autumn Budget that have increased the rates payable by buyers of additional properties and companies. Partner Daniel Broughton summarises the current SDLT rates and examines the new rates introduced with effect from 31 October 2024.
Overview of SDLT
SDLT is charged when you buy a residential freehold or leasehold property for a price that exceeds certain thresholds. The current thresholds are:
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