Stamp taxes are payable when a chargeable interest in a land (including freehold or leasehold) is purchased in the UK. It applies to purchases by all types of person, including individuals and companies.
The type of stamp tax payable depends on where in the UK the property is sited. Property acquired in England and Northern Ireland is subject to stamp duty land tax (SDLT). Property acquired in Scotland is subject to land and buildings transaction tax (LBTT). Property acquired in Wales is subject to land transaction tax (LTT).
Certain transactions are exempt from tax. These include gifts, exchanges in land made on divorce or dissolution of a civil partnership and appropriation of interests in land by personal representatives or a beneficiary on the death
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Web page updated on 17 Mar 2025 13:09