A new ‘questions and answers’ resource designed to make it easier for those investing in property to understand their Stamp Duty Land Tax (SDLT) obligations has been launched by Ann Humphrey, a solicitor and tax specialist.
Since its introduction 14 years ago, SDLT has become increasingly complex, and so Humphrey has set out to make it easier for people to understand the levy by launching a new questions and answers, a free source designed to provide guidance on the SDLT outcomes that apply in different scenarios.
It will enable both professionals and homebuyers to improve their understanding of SDLT and can help to reduce costly errors. The resource is based on real queries and sets out both the query and Humphrey’s analysis leading to the answer.
The introduction in April last year of the 3% surcharge on the purchase of additional homes, including buy-to-let properties, added yet further complexity. As a result the 3% surcharge features prominently but this resource also covers other SDLT topics.