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The Chancellor of the Exchequer has today announced that stamp duty land tax will not apply to purchases of residential property of 175,000 or less.

This will provide an exemption from stamp duty land tax for land transactions consisting entirely of residential property where the chargeable consideration is not more than 175,000.

This relief will apply to transactions with an effective date on or after 3rd September and before 3rd September 2009.


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Crown Copyright. Material taken from the BERR- Department for Business, Enterprise and Regulatory Reform replacing DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.


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Article Published/Sorted/Amended on Scopulus 2008-09-02 22:28:22 in Tax Articles

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