When you buy property or land, whether it’s residential or commercial, you’ll more than likely have to pay a land transfer tax.
You’ll need to submit the appropriate paperwork, including an assessment of the tax due, to HMRC within 30 days of completion. Failure to do so results in an automatic fine.
With increasing rates of the land transfer tax applying, there are relief and exemptions that should be considered before the transaction takes place.
We can advise you on your Stamp Duty, calculate your liability and help you complete the appropriate paperwork and submit it to HMRC.
Contact us today to find out how we can help you.