Embedded Files
Common SDLT & stamp questions.
Find answers to the most frequently asked questions from professionals using Stamp.
General SDLT Questions.
General SDLT Questions.
What is SDLT and who is responsible for paying it?
What is SDLT and who is responsible for paying it?
Stamp Duty Land Tax (SDLT) is a tax levied on property transactions in England and Northern Ireland. The buyer is responsible for paying SDLT, which must be reported and paid to HMRC within 14 days of completion.
How does SDLT differ for first-time buyers, investors, and companies?
How does SDLT differ for first-time buyers, investors, and companies?
First-Time Buyers: From 1 April 2025, first-time buyers will pay no SDLT on properties up to £300,000. For properties priced between £300,001 and £500,000, a 5% rate applies to the portion above £300,000. Properties over £500,000 do not qualify for first-time buyer relief.
Investors & Second Homeowners: An additional 5% surcharge applies on top of standard SDLT rates for purchases of additional properties, effective from 1 December 2024.
Companies & Buy-to-Let Landlords: Companies purchasing residential properties are subject to standard SDLT rates plus the 5% surcharge for additional properties. For properties over £500,000, the rate increases to 17%.
What are the most common SDLT reliefs and exemptions?
What are the most common SDLT reliefs and exemptions?
First-Time Buyer Relief: Provides reduced SDLT rates for eligible first-time purchasers.
Mixed-Use Property Relief: Applies to properties with both residential and commercial elements, often resulting in lower SDLT rates.
Charity Exemption: Certain property purchases by registered charities are exempt from SDLT.
Transfer of Property Due to Divorce/Separation: Such transfers are generally exempt from SDLT liability.
Stamp specific questions.
Stamp specific questions.
How does stamp determine whether an SDLT case is standard or non-standard?
How does stamp determine whether an SDLT case is standard or non-standard?
Stamp utilises an advanced filtering system that assesses property details against current SDLT regulations.
Transactions involving complex factors, potential exemptions, or reliefs are flagged as non-standard for further review by SDLT tax specialists. Straightforward cases receive instant SDLT calculations.
What happens if a client disputes the SDLT calculation?
What happens if a client disputes the SDLT calculation?
If a client disputes the SDLT figure, they can seek certified SDLT advice through stamp’s referral system. This process provides an expert review and a legally backed SDLT determination, ensuring compliance and protecting conveyancers or brokers with a clear audit trail.
How does stamp integrate with my existing workflow?
How does stamp integrate with my existing workflow?
Stamp is designed to integrate seamlessly with existing conveyancing and mortgage processes. It is compatible with multiple case management systems (CMS) and platforms, ensuring minimal disruption.
The platform generates structured SDLT reports that can be automatically incorporated into compliance records.
What compliance benefits does stamp provide for brokers and conveyancers?
What compliance benefits does stamp provide for brokers and conveyancers?
Reduces SDLT Risk: Minimises the chance of providing incorrect SDLT figures.
Professional Indemnity (PI) Protection: Offers an audit trail that safeguards against liability claims.
Regulatory Compliance: Ensures adherence to FCA and SRA standards.
Client Documentation: Generates structured, compliant SDLT reports for each transaction.
How do I get started with stamp?
How do I get started with stamp?
To begin using stamp:
Request a Demo: Understand how stamp can benefit your firm.
Sign Up & Integrate: Complete the onboarding process and integrate stamp into your workflow.
Start Using stamp: Enhance efficiency and reduce SDLT risk in your transactions.
To get started, click ‘Request a Demo’ or contact our team today.
Page updated
Report abuse