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I know there is council house exchanges but are there any private house exchange sites around, we have a three bed semi in Sheffield and are looking at the potential for relocating to the surrounding areas of Sheffield or the east coast.

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I know there is council house exchanges but are there any private house exchange sites around, we have a three bed semi in Sheffield and are looking at the potential for relocating to the surrounding areas of Sheffield or the east coast.

NB Each party still has to pay its own SDLT. There's no savings nowadays unless one purchaser is a new-house developer.

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NB Each party still has to pay its own SDLT. There's no savings nowadays unless one purchaser is a new-house developer.

 

Sdlt ????????

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Sdlt ????????

 

"Stamp Duty Land Tax".

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.

https://www.gov.uk/stamp-duty-land-tax/overview

https://en.wikipedia.org/wiki/Stamp_duty_in_the_United_Kingdom#Stamp_Duty_Land_Tax

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NB: the rules change in April. SDLT will start applying to much lower purchase prices for second homes and Buy To Let properties.

See proposals at https://www.gov.uk/government/consultations/consultation-on-higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties/higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties

Edited by Jeffrey Shaw
Added website reference re HMG's proposals

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