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roosevelt
Apprentice
Joined: 30 Jan 2004
Posts: 8
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 Posted: 01/08/08 - 09:54 Post subject: |
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| Hi. Like every healthy minded, normal person I don't want to pay taxes if I don't absolutely have to. Now I am about to buy a property with some land and I am wondering whether paying Stamp Duty will be an inevitable form of torture, or perhaps I can get myself out of it is some way? All your comments are welcome. Thanks. |
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floris
Apprentice
Joined: 17 Dec 2005
Posts: 5
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| Posted: 02/07/08 - 03:05 Post subject: |
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| Whether you pay Stamp Duty - now known officially as Stamp duty land tax (SDLT) - and how much, depends on the value of the property you are buying and on the location. So called "deprived areas" are exempted from the tax. As I understand you already have a specific property in mind, you will most likley be liable for the tax. Remember that the deadline for sending of the forms is four weeks after the transaction is completed. |
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