Q&As

Is stamp duty land tax at the 3% higher rates relevant to an inheritance of property by a person who already owns another property?

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Published on LexisPSL on 27/06/2016

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • Is stamp duty land tax at the 3% higher rates relevant to an inheritance of property by a person who already owns another property?

Is stamp duty land tax at the 3% higher rates relevant to an inheritance of property by a person who already owns another property?

The higher rates of stamp duty land tax (SDLT) apply to:

  1. purchases of certain additional residential properties by individuals, and

  2. purchases of residential properties by purchasers who are not individuals regardless of whether they hold any other residential properties

In particular, the higher rates apply to purchases of:

  1. major interests

  2. in a

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