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Stamp Duty Land Tax (SDLT) was introduced in December 2003 and [url=http://www.1855sacramento.com/peuterey.php]peuterey outlet[/url] replaced Stamp Duty. SDLT is a tax on the purchase price of the house you are buying and applies to all purchases of properties, where the purchase price is above a certain threshold.
Your solicitor will advise you of all the costs involved in moving house, of which Stamp Duty Land Tax can often be a substantial one. Your solicitor will explain to you how Stamp Duty Land Tax is calculated and under what circumstances you [url=http://www.thehygienerevolution.com/barbour.php]barbour[/url] will be exempt from paying SDLT. It is important that you have a clear picture of exactly what costs you will face when moving home as SDLT, the [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie pas cher[/url] cost of surveys, removal companies and search fees and all add up to a substantial sum and may affect the amount you have budgeted to offer on a property.
If you are a first time buyer you will be able to [url=http://www.mquin.com/giuseppezanotti.php]giuseppe zanotti sneakers[/url] purchase a property for a higher amount than those who have already owned a property before having to pay Stamp Duty Land Tax. As long as you have never owned or purchased a property before (and if you are [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] purchasing a property jointly with somebody else, they must never have owned a property before) you will not [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] start paying SDLT until the purchase price of the property reaches £250,000. Therefore if you are purchasing a property for less than £250,000, and the conveyancing transaction is carried out between 25th March 2010 and 25th March 2012, you will not have to [url=http://www.ilyav.com/uggpascher.php]ugg pas cher[/url] pay SDLT on the purchase [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie soldes[/url] price of your property.
However, if you have previously owned a property and are not deemed to be a first time buyer the threshold for being liable to pay Stamp Duty Land Tax will be considerably lower. If the property you are purchasing has a purchase price of £125,000 or more you will pay between [url=http://www.mquin.com/giuseppezanotti.php]giuseppe zanotti pas cher[/url] 1% and 4% of the property purchase price, depending on the exact amount of the transaction. The amount of SDLT payable can also depend on whether you are purchasing a property for residential or non-residential purchases and on whether the property [url=http://www.maximoupgrade.com/hot.php]hollister[/url] is freehold or leasehold.
Your solicitor will talk you through the current rates of SDLT payable and will ensure [url=http://www.rtnagel.com/airjordan.php]nike air jordan pas cher[/url] that the Stamp Duty Land Tax Return [url=http://www.ilyav.com/isabelmarant.php]isabel marant pas cher[/url] (or Land Transaction return) is completed correctly so that you fulfil your requirement to inform H M Revenue & Customs of your purchase.
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