Residential or mixed use
The legal and physical use of the property is reviewed before selecting the SDLT rate structure.
SDLT depends on more than the purchase price. Property type, existing residential interests, company ownership, residence status, debt assumed and linked transactions can all change the calculation.
For non-standard transactions, SDLT advice is most useful before completion. Once the transaction has completed, the legal facts are fixed and the normal filing timetable is short.
Include the expected completion date if known.
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The transaction and purchaser need to be classified before the rates are applied. A calculator cannot resolve a classification question.
Whether the property is residential, mixed or non-residential, who buys it and what consideration is given can all change the tax.
The legal and physical use of the property is reviewed before selecting the SDLT rate structure.
The purchaser's existing residential-property interests are reviewed at the end of the completion day.
The separate SDLT residence tests are considered where the 2% surcharge may apply.
Company purchases can trigger separate higher-rate provisions and need their own analysis.
Mortgage debt taken over or released can create chargeable consideration even without a large cash payment.
Multiple acquisitions and lease arrangements can require calculations beyond a single headline purchase price.
Buyer, property, price, debt and proposed completion structure are established.
Residential status, higher rates and relevant surcharge tests are considered.
The applicable bands, consideration and any agreed relief analysis are calculated.
The SDLT advice can then be supplied for the conveyancing transaction within the agreed scope.
The headline percentages only become useful after the transaction has been classified correctly.
SDLT residence is a transaction-specific test. It should not automatically be inferred from the purchaser's wider income-tax residence position.
Current standard and higher residential rate bands.
Residential rates ↗Current rules and residence tests for the additional 2% residential surcharge.
Non-resident rules ↗Often, but the result depends on the purchasers' existing residential interests and whether an exception such as replacement of a main residence applies.
No. Company purchases have their own SDLT provisions and can fall within higher residential rates.
Certain non-UK resident residential acquisitions attract an additional 2 percentage points under separate SDLT residence rules.
Yes. Assumption or release of mortgage debt can amount to chargeable consideration in some transactions.
The conveyancer commonly deals with filing as part of completion. Specialist tax input can still be needed where the correct rate or classification is disputed or complex.
Before the transaction is completed where the property, purchaser or ownership facts are not straightforward.