Your Accountants in Richmond explain the 2011 Stamp Duty Land Tax change

Harnett Accountants in Richmond are here to tell you that the Stamp Duty Land Tax (SDLT) has now been in effect for almost a year! As Accountants in West London we often hear mumbles through the street and from our clients on their misunderstanding of the changes made. So below is our brief explanation.

The change occurred in April 2011 and became compulsory later that year in July. The lead purchaser on land or property transactions must now provide an identity number such as their NI number and date of birth. If the purchaser is from a company the company’s tax reference number (UTR) or VAT registration should also be provided. This is due to the Taxman needing to cross-reference tax payers’ files.

If you would like to hear more about Stamp Duty Land Tax or even Harnett Accountants in general then why not book your free hour no obligations consultation or follow us on Facebook, Twitter or Google+


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