Waterstone Legal is a modern law firm in London, offering expert services in Business Immigration, Conveyancing, Litigation, and Landlord & Tenant matters. Committed to fairness, transparency, and positive social impact, we provide clear advice and solid support to guide you through life's challenges.
The beginning of the year is a great time for goal setting and if setting up your business in the UK is on your 2025 wish list, Waterstone Legal can help. Getting clear on how to get a business visa for the UK is a top priority. Our immigration team is among the best immigration […]
Our conveyancing solicitors are dedicated to completing your transactions as quickly as possible before 31 March, 2025 (SDLT increase deadline). However, because of the involvement of multiple parties in your transactions that are beyond our control, we are unable to guarantee completion. Therefore, if completion does not take place by 31 March, 2025, we will not be responsible for any increase in SDLT payable. In the event that your matters are not completed before 1 April, 2025, please make sure you have sufficient funds to cover the additional SDLT.
1. The threshold (being the amount of the purchase price that will be free from Stamp Duty) is currently £250,000. This will be reduced to £125,000.
2. The threshold for First-time Buyers Relief over which SDLT will be payable is currently £425,000. This will be reduced to £300,000.
3. The maximum purchase price for which First-Time Buyers Relief (as above) can be claimed at all is currently £625,000. This will be reduced to the previous level of £500,000.
If you are purchasing a property, and are in any doubt please visit the governments stamp duty calculator at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intron. Where possible we will have given you advice on the different amounts payable before and after the change but if you have any further queries, then please do let us know.