CHARTERED SURVEYORS, LAND AGENTS, ESTATE AGENTS, COMMERCIAL AGENTS, LETTING AGENTS, RICS REGISTERED VALUERS
Farms are better value than ever!

 Stamp duty when purchasing a farm or landed estate can save significant amounts of money over the purchase of a high value residence, where SDLT can add up to 12% to the purchase price.

 

Residential Property Rates

 

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 £1.5 million)        

10%

The remaining amount (the portion above £1.5 million)                   

12%

 

You pay SDLT on increasing portions of the property price (or ‘consideration’) when you pay £150,000 or more for non-residential or mixed-use land or property.

Non-residential property includes:

(A ‘mixed use’ property is one that has both residential and non-residential elements, eg a flat connected to a shop, doctor’s surgery or office.)

 

Non-residential and mixed use land and property rates

 

Property or lease premium or transfer value

SDLT rate

Up to £150,000

Zero

The next £100,000 (the portion from £150,001 to £250,000)

2%

The remaining amount (the portion above £250,000)

5%

 

Please contact James Tillard (jamest@rhrwclutton.co.uk or 01342410122) for more information on purchasing farms or landed estates.

 

 

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