Stamp Duty Land Tax (SDLT)

Stamp Duty Land Tax (SDLT) is a tax levied on purchases of and certain other transactions in property or land. The amount of SDLT owed is determined on a purchase by the price of the property and different tax bands and rates are applied to different portions of the purchase price. As the property market continues to evolve, it is increasingly important for buyers and sellers to understand their SDLT obligations.

Mercian Accountants specialises in helping clients understand and meet their SDLT obligations. Our experienced team has a deep understanding of the latest SDLT regulations and can provide expert guidance to help minimise any SDLT liabilities.

In addition to our standard SDLT services, Mercian Accountants also offers advice on SDLT reliefs that may be available to clients. For example, First-Time Buyers Relief, which was introduced in 2017, provides a reduced rate of SDLT for first-time buyers purchasing properties. Other reliefs include those for additional properties, such as the Additional Dwelling Supplement, and those for commercial properties, such as the different rate for certain non-residential transactions.

Our team will carefully review your unique circumstances and help determine if you are eligible for any SDLT reliefs. We will then provide personalised recommendations to help you optimise your SDLT obligations and minimise your tax liability.

At Mercian Accountants, we believe that providing quality services and expert advice is the key to long-term client relationships. That’s why we go above and beyond to provide clients with the best possible experience. In addition to SDLT services, we offer a wide range of other accounting and financial services, including tax planning, accounts, and business consultancy.

To learn more about our SDLT services and the reliefs that may be available to you, please contact us today. Our team will be happy to schedule a consultation and answer any questions you may have.