David_H

Does the stamp duty holiday apply to building plots?

Recommended Posts

I imagine the answer might depend on whether the plot is part of an existing property's land. Either way, does anyone know?

Share this post


Link to post
Share on other sites
Posted (edited)

This suggests the holiday does apply..

https://www.express.co.uk/life-style/property/1308808/stamp-duty-holiday-does-stamp-duty-holiday-apply-to-second-home

 

 

Quote

 

 


The SDLT threshold before the announcement was £125,000 for residential properties, and £150,000 for non-residential land and properties.

Since July 8, the Stamp Duty threshold has increased to £500,000.
 

 

 

 

"Developers" and those purchasing a second home will still have to pay the 3% surcharge. Actually if you own a house you have to pay it and reclaim when you sell within 36 months.

 

So I believe if you are buying the land to build your principle residence the holiday should apply. Err I think.

 

 

 

 

 

 

Edited by Temp

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now