SDLT – Don't get stamped on!
03 October 2017
You must pay Stamp Duty Land Tax (SDLT), a self-assessment tax, when you purchase a property or land over a certain price in Northern Ireland. The current thresholds are £125,000 for residential properties and £150,000 for non-residential land and properties. With effect from 1 April 2016 the government introduced a controversial higher rate of SDLT on purchases of additional residential property. This means that the surcharge applies to second homes and rental properties. The surcharge was introduced to support home ownership and first time buyers but hits investors and second homeowners hard. Read More