As of 31 March 2019, SDLT is now due for payment 14 days after the completion of the transaction.

Given the cashflow pressures of this it will be more important than ever to get the SDLT liability right and take advantage of any reliefs available.

Multiple Dwellings Relief can be available in circumstances where residential properties are bought with annexes or self-contained granny flats and the 3% SDLT surcharge on additional residential property purchases is not always applicable if the interest acquired does not fall within the definition of a ‘dwelling.’

SDLT is not always as straightforward as a number that is quoted on completion.

Our tax experts can assist with this so please do not hesitate to contact us.