Stamp duty land tax (SDLT)

1. For transactions with an effective date (usually completion) on or after 1 March 2019, the due date for the payment of SDLT is now 14 calendar days after the effective date. The return also must be filed in the same timescale.

2. Where a company purchases a residential property for over £40,000 it must pay the 3% supplementary rate. A residential property is defined as one which is used or suitable to be used as a dwelling.  Properties which are non-residential are taxed as commercial properties.  HMRC must consider the state of the property when acquired, not whether it could be renovated at a later state.  So a derelict bungalow could not be defined as a residential property.

3. The additional dwelling supplement in Scotland increased from 3% to 4% on 25 January 2019.