What Is SDLT? (Stamp Duty Land Tax) #Shorts

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In this #Shorts video, Kate Forsdike explains "What is SDLT (Stamp Duty Land Tax)

Stamp duty land tax, is a land tax which must be paid when you purchase a property or land over a certain price in England & Wales.

How much SDLT you pay depends on the purchase price of the property or land. You will always pay SDLT when you purchase the following:

A new or existing leasehold property
A freehold property
Through a shared ownership scheme
A transferred land or property

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