It is disappointing that the SDLT ‘slab’ system remains intact, say Mike Dalton and Andrew Levene.
For an oligarch with a mansion in central London owned through an offshore company last week’s Budget was not good news even worse if he is planning to buy another. Owners of more modest homes and the rest of the property industry can breathe a sigh of relief that the changes are not as wide reaching as they might have been and commercial property comes through largely (although not entirely) unscathed.
Residential property: SDLT changes
A new 7% rate of SDLT for residential property worth more than £2m was introduced as a modest revenue-raising measure with effect from 22 March 2012. There...
