Obscure law could see renters end up paying stamp duty if ignored

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Obscure law could see renters end up paying stamp duty if ignored

A little-known law could see renters paying significant Stamp Duty Land Tax penalties despite not actually owning their rental property, according to research from London lettings and estate agent, Benham and Reeves.

SDLT has been a focus of the mainstream media ever since the government introduced a reprieve in 2020 to encourage housing market activity during the global pandemic. While renters may believe SDLT is only a concern for those purchasing a home, the truth is, since 2003, residential tenancies have had the potential to be liable for SDLT, but only when the cumulative rent exceeds. To continue reading, please Click Here

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