SDLT – it’s not natural!

15% SDLT on the purchase of residential property
by “non-natural persons” – the chancellor changes the threshold

A brief reminder that in the recent budget the chancellor proposed that the current threshold for paying 15% SDLT on the purchase of residential property by “non-natural persons” (such as companies) will be lowered from £2 million to £500,000. There are various exceptions relating to the application of this level of SDLT but this is another clear sign from government that sheltering residential real estate investments from tax will not be tolerated.