Stamp Duty Land Tax

The Chancellor announced an extended “holiday” from stamp duty land tax (SDLT) which exempts any acquisitions of residential property of not more than £175,000. The holiday now applies to acquisitions between 3 September 2008 and 31 December 2009 inclusive.

After that date the SDLT threshold for residential property will revert to £125,000. More information is in Budget Note 45.