Latest Legal News

SDLT Reminder

Clients are reminded that, following the introduction of the Stamp Duty Land Tax (Administration) (Amendment) Regulations 2018, the time limit for the payment of Stamp Duty Land Tax (SDLT) on property transactions has been reduced from 30 days to 14 days after completion, with effect from 1 March 2019. Where the amount of SDLT cannot be determined because the sale price is contingent on obtaining planning permission, an application to defer the SDLT payable must be made within 30 days of completion.

There are other consequential changes to the procedure, and these came into effect at the same time.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.