SDLT First Time Buyers Rate

Since November 2017 the government has introduced a new concessionary rate for first time buyers up to £300,000. This means that for first time buyers there is no SDLT payable on property that is below £300,000. In order to qualify for the First Time Buyer Rate the person buying must be someone who has never purchased a property (or an interest in a lease over 21 years) before and is buying the property to live in it. Therefore it does not apply to buy to let or investment purchases, regardless of whether the buyer has owned before.

This information is in no way to be taken as legal advice or relied upon.

Latest news and insights

Focused Insight and analysis brought to you by our business and fee earners.

Buying a business out of insolvency, what to consider.

Businesses entering insolvency more often have assets that need to be disposed of to pay back its creditors. How [...]

How do you deal with somebody making defamatory statements about you online?

In today's digital age, the internet has become a platform for communication and expression, but it also presents challenges when [...]

Navigating Trademark Protection Challenges in the Digital Age: A Comprehensive Guide

In the digital age, where information travels at the speed of light and borders seem non-existent, protecting trademarks has [...]

Estate Planning. Should I gift my home to my children?

It is a common question whether to gift the family home to the children when parents approach more advanced [...]

View more news and insights