STAMP DUTY
LAND TAX
Stamp Duty Land Tax (SDLT) is a complicated self-assessment tax often calculated incorrectly. ATL review new and existing property purchases to ensure accurate SDLT consideration is applied.
Approved Tax Limited is part of the Approved Group of Companies; Approved Business Finance,
AMF (Approved Motor Finance) and Approved Property Finance
WHAT IS STAMP DUTY LAND TAX (SDLT)?
Stamp Duty Land Tax (SDLT) is a tax charged when purchasing property or land. Due to its complex self-assessment nature, it is often calculated incorrectly - leading to accuracy issues in 25% of transactions.
AMOUNT OF TAX CHARGEABLE
Purchase Price Bands | Basic Residential SDLT Rates | Higher Rate Transactions SDLT Rates |
|---|---|---|
£1,500,000+ | 12% | 15% |
£925,000 to £1,500,000 | 10% | 13% |
£250,001 to £925,000 | 5% | 8% |
£125,001 to £250,000 | 2% | 5% |
Up to £125,000 | 0% | 3% |
NON-RESIDENTIAL OR MIXED-USE RATES
Purchase Price Bands | Percentage Rate |
|---|---|
£250,000+ | 5 |
£150,001 to £250,000 | 2 |
Up to £150,000 | 0 |
HOW DOES SDLT OVERPAYMENT HAPPEN?
Classification errors in relation to a property of the lack of awareness linked to exemptions and reliefs available mean that people overpay SDLT at a significant rate. The tools readily available to the public are only indicative and do not consider all factors. These tools are widely used by professionals in the property space, resulting in 25% of calculations being determined incorrectly. Certain clients have achieved a reduction in Stamp Duty costs by up to 80%.
OUR INNOVATION SERVICES
Stamp Duty Land Tax (SDLT) is a complicated self-assessment tax often calculated incorrectly. ATL review new and existing property purchases to ensure accurate SDLT consideration is applied.
SPECIALIST
Our clients benefit from
in-house advisers, technical consultants and industry sector specialists with innovative incentive knowledge
STRATEGIC
As part of the Approved
Group, ATL clients also benefit from a team of finance brokers across business, motor and property
FAST APPLICATION
ATL's expert approach ensures that speed-of-service is at the forefront without compromising on accuracy and adhering to compliance
5 STAR RATED
Over 230 five-star reviews across the Approved Group gives clients the piece of mind and a proven track record of success
GEORGE DUNN
Director
It was a huge peace of mind to let George handle my asset finance application. Throughout the process, he was unfailingly focused, understanding and polite.
I would highly recommend using Approved Business Finance services with ease of mind that you are a priority and will have support throughout the whole process. - Javed
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