Budget 2007
Introduction
Personal Income Tax
National Insurance Contributions
Employees
Savings & Investments
Trusts
Capital Gains Tax
Stamp Duty Land Tax
Inheritance Tax
Corporation Tax
Business Tax
Value Added Tax
Other Measures
Tax Tables
National Insurance |
Stamp Duty Land Tax
The most striking change to SDLT is a new exemption, to apply from 1 October 2007 to 30 September 2012, for the first purchase of a newly-built, "zero carbon" home costing up to £500,000. This relief does not apply on subsequent sales.
Further changes include:
- the value of properties exchanged between connected persons will no longer be aggregated in deciding whether the higher rates of SDLT apply;
- the general anti-avoidance rule announced for SDLT in the December Pre-Budget Report is put on a permanent statutory footing.
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