Stamp Duty Land Tax (SDLT) is charged on land and property transactions in the UK. The tax is charged at different rates and has different thresholds depending on type of property and value of the transaction.
The Stamp Duty Land Tax threshold will revert to £125,000 (£150,000 in disadvantaged areas) from 1st January 2010. This means that buyers completing on properties on or after this date will have to pay the revised amount.
For further information please visit
http://www.hmrc.gov.uk/sdlt
Article Courtesy of Vikki Todd @ Cinnamon Property Lawyers