Understanding Stamp Duty: Payment Requirements and Important Timelines

When purchasing a non-residential or mixed-use property for over £150,000, you will be required to pay stamp duty. Non-residential property refers to commercial properties or properties that are not suitable for living. Mixed properties are those with both residential and non-residential components, such as flats with shops underneath.

Additionally, the stamp duty category includes the purchase of six or more residential properties in a single transaction.

Even if it is part of a residential property, stamp duty is applicable to agricultural land, such as a cottage with fields.

If multiple purchases or transfers are made from the same seller, you may be subject to a higher rate of duty.

Calculating stamp duty for non-residential property is different from residential stamp duty. The purchase price of the lease and the value of the annual rent you pay are calculated separately and then combined.

Since 2021, non-UK residents have been required to pay a higher rate of stamp duty when purchasing property in England and Northern Ireland.

For non-UK residents, an additional 2% surcharge is added to the existing 3% tax on second homes and buy-to-let properties.

Your solicitor can assist you in arranging the payment of stamp duty or handle the transaction on your behalf.

If you have a lawyer or conveyancer representing you, they can submit the stamp duty return online. Otherwise, if you are managing the process yourself, you must complete a paper form called SDLT1, which can be ordered online or by contacting HMRC.


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