03/09/2008      STAMP DUTY - TEMPORARY EXEMPTION FOR RESIDENTIAL PROPERTY

The Chancellor of the Exchequer announced that from 3 September he will introduce a temporary exemption ('holiday') from SDLT for acquisitions of residential property worth not more than £175,000.

The exemption will be available where the effective date of the land transaction (normally the date of completion) is on or after 3 September 2008 and before 3 September 2009. There are no circumstances in which this exemption will be available for any land transactions either before 3 September 2008 or after 3 September 2009.

 

      
                                                                             

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