Are you looking for a property tax specialist in London to get your taxes paid without any hassle?
Have a quick look on some brief points provided by B&S Associates, accountants specializing in property taxes in London.
According to property tax specialist, a property tax is known as stamp duty land tax or SDLT. This is required to be paid by a natural or Artificial person who either performs any of these actions:-
According to a property tax specialist, property tax is different for in which the property is owned
According to a property tax specialist, rates of property tax in UK or London depends on whether a natural person or Artificial person whomever it may be buying a residential property for the very first time or already have more than one property at the time of buying.
Rates of taxes comes out with a very particular point that your accountant specializing in property tax must make you aware that first time buyer always have a upper hand in tax savings then people holding property.
Especially for Artificial persons including company, there are no sliding rates, 15% rate of SDLT shall be paid by an Artificial person where the consideration for a property is more than 500000.
From 22 November 2017, relief is available for purchases by the first-time buyer, if the sole purpose is dwelling as their sole and main residence:-
Purchase Price in GBP
30000 to 500000
Property Tax Rates