2018 Autumn Budget - Stamp Duties
The following is a summary of the 2018 Autumn Budget in relation to Stamp Duties
To return to the full summary click here.
Stamp Duty Land Tax: Relief for Shares Equity Purchases
With immediate effect, first-time buyers involved in share-equity purchases (co- ownership) of up to £500,000 will be exempt from stamp duty.
Stamp Duty Land Tax: Higher Rates
Currently, a higher rate of Stamp Duty Land Tax (SDLT) applies when individuals are purchasing a residential property when they already own at least one other, and are not yet replacing their main residence. Relief from higher rate SDLT is available where the old residential home of sold within 3 years of buying the new home.
The new measure extends the period of reclaim of stamp duty to the later of 1 year from selling the old home or 1 year from filing the SDLT return for the new home.
To return to the full summary of facts click here.
A PDF version is available to download here.
Rates and Allowances tables are available to download here.
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