> The Government has announced that rates of Stamp Duty Land Tax have been cut with effect from 23 September 2022.
> Where a property is being purchased by first time buyers who plan to use the property as their main residence, no SDLT will be payable if the purchase price is £425,000 or less. If the purchase price is between £425,001 and £600,000, first time buyers stand to save over £8,000.
> SDLT will no longer apply to purchasers who only own one property where the purchase price is £250,000 or less.
> All purchase transactions over £250,000, whether buying a main residence or where the purchase is a second home or buy-to-let investment, will achieve an SDLT saving of £2,500.
> For more details or for further information, please contact our offices.
"Thank you for going above and beyond in helping us with our move and fighting our corner every step of the way. "Lloyd & Luke, Batley
The Law Society's Conveyancing Quality Scheme (CQS) provides a quality standard mark for lawyers in residential conveyancing is also recognised by many mortgage lenders. We were one of the first firms in West Yorkshire to be awarded the accreditation.