In case anyone needed reminding, the SDLT rates change on 1 April 2025. From this date the rates for a single property are:
| Property or lease premium or transfer value | SDLT rate |
| Up to £125,000 | Zero |
| The next £125,000 (the portion from £125,001 to £250,000) | 2% |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5m) | 10% |
| The remaining amount (the portion above £1.5m) | 12% |
Firms must ensure that information on their websites is updated to comply with the Transparency Rules, along with updating files, estimates and client care information. All relevant files should be reviewed and clients warned of the increase. If completion is due on a purchase on 31 March 2025, but it does not complete and a notice to complete is served, the new SDLT rates will apply when the matter eventually completes. This could give rise to claims for SDLT increases being passed along a chain. Practitioners might wish to include a special condition in contracts. Source: www.gov.uk/stamp-duty-land-tax/residential-property-rates.
More in this issue
- Adoption – post-adoption contact
- Adoption orders – revocation
- Car hire cost – no MOT
- Children – cross-sex hormone treatment
- Children – domestic violence
- Covenant – not implied
- Discount rate – change
- Divorce – void or voidable?
- Domestic violence – new pilot
- EAT – discrimination and victimisation
- EAT – extending time
- EAT – redundancy and maternity leave
- EAT – unlawful deductions
- HMLR – PG19
- HMLR – PG8
- HMLR – portal enhancement
- HMLR – useful resources
- Practice – reporting provisions
- Procedure – hearsay
- Procedure – public children proceedings