Reminder on stamp duty relief

6 January 2011

First-time buyers of residential property can still apply for SDLT relief if all of the following apply:

  • the effective date is on or after 25 March 2010 and before 25 March 2012
  • the consideration given is 250,000 or less
  • the buyer intends to live in the property and it will be their only or main home
  • they have not previously owned property or land either in the UK or anywhere else in the world - including property bought with anyone else

This means that from 25 March 2010 to 24 March 2012 inclusive the threshold for qualifying first-time buyers of residential property is 250,000.

Contact us on 01756 700110 if you are considering purchashing your first property.