Stamp Duty Land Tax - Holiday! - Dec 2008
The Chancellor announced that for one year only from 3rd September 2008, there would be a temporary exemption from Stamp Duty Land Tax for acquisitions of residential property worth no more than £175,000.
Eligible acquisitions must:-
- consist entirely of residential property
- be for a chargeable consideration of not more than £175,000
The exemption must be claimed using a Return form SDLT1.
To see more articles, see these pages: