Property News

Are there any exemptions from Stamp Duty Land Tax for overseas buyers?

No, there are no exemptions from Stamp Duty Land Tax (SDLT) for overseas buyers. SDLT is a tax that is paid by anyone who purchases a property or land in England, Wales, or Northern Ireland, regardless of their nationality or residency status. All buyers, including overseas buyers, are subject to the same SDLT rates as UK residents. However, there is an ongoing consultation on whether to introduce a...

What is Stamp Duty Land Tax and how is it calculated?

Stamp Duty Land Tax (SDLT) is a tax that is payable when you buy a property or land in England, Wales, or Northern Ireland. The tax is paid to HM Revenue & Customs (HMRC) and is based on the purchase price of the property or land. The current SDLT rates are: 0% on properties priced up to £125,000 2% on properties priced between £125,001 and £250,000 5% on properties priced between...

What is the process for conducting property searches in London?

In the UK, property searches are conducted to provide information about a property and the local area. The process for conducting property searches can vary slightly depending on the area, but generally, it involves the following steps: Identify the type of search required: There are different types of property searches, including local authority searches, environmental searches, drainage searches,...

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