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Areas of interest
Will the Land and Building Transaction Tax (LBTT) make houses more affordable than Stamp Duty?
March 03, 2015
In the Chancellor’s budget statement towards the end of last year, he announced a change to stamp duty land tax (SDLT) effective from 4th December 2014. Before the announcement, SDLT was charged at a single rate for the entire price of a property. Since 4th December SDLT is charged at increasing rates for each portion or band of the price.