Stamp duty holiday
Don’t forget that if you are one of those who will benefit from the government’s stamp duty land tax “holiday” on properties worth up to £175,000, you must fill in a form to claim your exemption.
The “holiday” began on 3 September and will run until 2 September 2009. It applies only to residential property and the effective date of the transaction (normally the completion date) must fall within the holiday period. Mixed-use properties, for example where a shop is purchased along with a flat above it, are not eligible for the relief. Both freehold and long leasehold (excluding lease grants of less than 21 years or the assignment of leases with less than 21 years to run) are covered.
The relief must be claimed using form SDLT1.