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SDLT - Disadvantaged Areas Relief

Posted by on in Taxation
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HMRC have recently confirmed that the Disadvantaged Areas Relief (DAR) is to be abolished for Stamp Duty Land Tax (SDLT) transactions with an effective date on or after 6 April 2013. The DAR extended the zero rate of SDLT to residential property in designated disadvantaged areas from £125,000 to £150,000 where the effective date of the transaction is on or after 1 December 2003 and before 6 April 2013. The DAR will continue to apply for transactions with an effective date before 6 April 2013.

The SDLT residential property thresholds are as follows:

Rate Residential property
Zero £0 - £125,000
1% £125,001 - £250,000
3% £250,001 - £500,000
4% £500,001 - £1,000,000
5% £1,000,001 - £2,000,000
7% Over £2,000,000
15% On £2,000,000 plus houses held in a 'corporate envelope'

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