Christine Lee and Associates

Absolute England will instruct Christine Lee and associates on your behalf unless otherwise instructed to do so. The legal charges for this service will be advised to you directly from christine Lee reprosentative at the time of purchase.

Stamp Duty – Rates Below

H M Land Registry Fee – Rates Below

SDLT relief for first-time buyers

First-time buyers of residential property can 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.

Financial institutions can claim the SDLT relief for first-time buyers using alternative finance schemes.

To claim this relief you'll need to enter relief code 32 in the SDLT return.

SDLT relief for purchase of multiple dwellings

Relief is available where a transaction, or a number of linked transactions, include freehold or leasehold interests in more than one dwelling.

Where relief is claimed, the rate of tax charged on the amount paid for the dwellings is set by dividing the amount paid by the number of dwellings.

Example: I buy five houses for £1 million. £1 million divided by five is £200,000. The rate of tax on £200,000 is 1 per cent. The amount of tax due is therefore 1 per cent of £1 million, which is £10,000.

However the minimum rate of tax under the relief is 1 per cent.

Note: Compliance and Statutory Money-Laundering Assessment Fees 

These will be in addition to the Conveyancing fees and Government / Utility charges and will be

 client-specific because they will emanate from the country of origin initially.