Q&As

A buyer and seller have agreed a discounted purchase price for a property. Is SDLT payable on the original or discounted price and does the analysis depend on the wording in the transfer?

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Published by a LexisNexis Tax expert
Published on: 11 May 2017

Stamp Duty Land Tax (SDLT) is charged on the chargeable consideration for a land transaction. A land transaction is an Acquisition of a chargeable interest.

Chargeable consideration has a particular meaning for SDLT purposes and is defined in section 50 of the Finance Act 2003 (FA 2003) and FA 2003, Sch 4. Chargeable consideration includes not only money or money’s worth but also other means by which value is given directly or indirectly to the transferor of the land.

For further detail on the meaning of

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Purchase price definition
What does Purchase price mean?

The amount payable by a receivables purchaser to a client for a receivable assigned to it by the client, commonly calculated retrospectively as the amount received from a debtor towards the discharge of the receivable, less accrued discount and charges.

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