Stamp Duty Land Tax
SDLT represents a significant upfront cost on property acquisitions. With rates now reaching up to 15% for certain residential property purchases, and additional surcharges applying to second homes and non-resident purchasers, careful SDLT planning before exchange of contracts can result in meaningful savings.
What are the benefits?
Multiple Dwellings Relief
Where two or more dwellings are purchased in a single transaction or a series of linked transactions, Multiple Dwellings Relief (MDR) can reduce the SDLT due by applying the SDLT rates to the average consideration per dwelling rather than the total.
Mixed-Use Properties
Properties that have both residential and commercial elements (such as a flat above a shop) are treated as non-residential for SDLT purposes, attracting lower rates. We assess whether properties qualify for mixed-use treatment.
First-Time Buyer Relief
First-time buyers benefit from relief on the first £425,000 of a residential property purchase (subject to a maximum property value). We confirm eligibility and ensure the relief is correctly claimed.
Annual Tax on Enveloped Dwellings
Residential properties valued above £500,000 held in a company are subject to the Annual Tax on Enveloped Dwellings (ATED). We advise on ATED compliance and available exemptions.
How can Zenus Tax help?
We review planned acquisitions to identify all available SDLT reliefs before exchange
We prepare and file SDLT returns on completion of property transactions
We advise on the SDLT treatment of complex transactions, including linked purchases and atypical arrangements
We advise on ATED compliance for high-value residential properties held in companies
Frequently Asked Questions
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