SDLT Freeze

The chancellor of the exchequer has temporarily raised the stamp duty land tax lower limit, below which no SDLT is payable.

The measure, announced on 2 September 2008, increases the SDLT lower limit for residential property purchases from £125,000 to £175,000. This is a temporary increase that will take effect for transactions taking place on or after 3 September 2008 up to and including 2 September 2009 where the transaction consists solely of residential property. All other SDLT limits will remain the same.