Text for Report on Title
ROT: Advising on (SDLT) Changes and Temporary Relief Risks
- Change date
- 15/01/2025
- Word count
- 265
- Deployment measure
- 7/10
Rationale
The draft wording informs buyers that the temporary reduction in Stamp Duty thresholds will end on 31st March 2025, after which higher rates will apply. It emphasises the buyer's responsibility to complete their transaction before the deadline, provides a disclaimer of liability for delays, and highlights the need for prompt cooperation to avoid missing the deadline.
As announced by the Government in September 2022, there is currently a temporary increase in the Stamp Duty thresholds, which has generally reduced the SDLT payable on most residential property
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