Those of you involved in the acquisition of properties in Wales over the next couple of months should take note – if the value is over £1,000,000 for non-residential properties (or for non-residential leases, a net present value of over £2,000,000) or £400,000 for residential properties, then you’ll pay less tax if you can complete … Continue Reading
This post was also written by Harriet Morgan. From 6 April 2011, residential property with a consideration of over £1m will be subject to a higher SDLT rate of 5%. This means that a purchaser whose transaction will complete on or after 6 April 2011 will find themselves paying more SDLT than if completion had … Continue Reading