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 by a LexisNexis Tax expert
Published on: 27 June 2016
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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 dwelling

  3. •

    where the chargeable consideration is £40,000 or more (Condition A), and

  4. •

    where the purchased interest in the dwelling is not subject to a long lease

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Jurisdiction(s):
United Kingdom

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