Understanding Stamp Duty! | The Property Lawyer

Описание: A Lawyer’s Guide to Stamp Duty in England & Wales

This video introduces SDLT & LTT, the one-off government tax you are required to pay when you purchase land or property. Watch this video where we go through how it’s calculated, how it varies between England & Wales, when the tax is paid, the higher tax for buying additional property and how first time buyers can save £5,000! We will also provide some tips to check with your conveyancing solicitor before you buy!


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— TIMESTAMPS —


00:12 Disclaimer
00:44 What is Stamp Duty
01:29 SDLT Tax Thresholds
01:58 SDLT Tax Calculation Examples
03:34 SDLT Tax Thresholds - Additional Purchase
03:47 SDLT Tax Calculation Examples - Additional Purchase
05:16 Rules for Additional Purchase
06:45 First Time Buyers Relief
07:13 Land Transaction Tax for Wales
07:30 LTT Tax Thresholds
07:58 LTT Tax Calculation Example
08:26 Tax Comparisons
08:47 When is the tax paid?
09:05 Tips & FAQs



— DISCLAIMER —


The information provided in this video and any comments relating to this video are for guidance only given its generic nature and therefore may not apply to your individual circumstances. You should always seek independent advice from your own solicitor, financial advisor or other suitable professional before proceeding with any legal or financial transaction.

All content on this channel is independently produced and is not associated with any third party unless disclosed otherwise.

No permission is given to anyone to translate and/or re-upload any content or designs on YouTube or other social media platforms.


— HELPFUL LINKS —


SDLT Government Guidance: https://www.gov.uk/stamp-duty-land-tax
SDLT Residential Tax Rates: https://www.gov.uk/stamp-duty-land-ta...
SDLT Calculator: https://www.tax.service.gov.uk/calcul...
LTT Government Guidance: https://gov.wales/land-transaction-ta...
LTT Residential Tax Rates: https://gov.wales/land-transaction-ta...
LTT Calculator: https://gov.wales/land-transaction-ta...
Find a Qualified Solicitor: https://solicitors.lawsociety.org.uk/
Find a Licensed Conveyancer: https://www.clc-uk.org.uk/cms/cms.jsp...



— ABOUT ME —


I am The Property Lawyer, a qualified practising solicitor and member of The Law Society of England & Wales specialising in conveyancing and property law.

I decided to start this channel to help the public gain a better understanding of what is involved when buying or selling a property. I am unable to reveal my true identity because of the potential breach of any covenants within my employment contract.


—ATTRIBUTES —

Epidemic Sounds: www.epidemicsounds.com
Freepik: www.freepik.com

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