Makkers82 Posted January 4, 2021 Posted January 4, 2021 Hi All We've just put in an offer on a building plot which has outline planning permission, essentially part of a farmer's field - Will stamp duty be payable on our purchase and if so at which rate? Is it currently classed as non-residential? Many Thanks!
ProDave Posted January 4, 2021 Posted January 4, 2021 Stamp duty is payable (or not) on the price you pay. In many cases in cheaper areas plot prices are below the threshold for paying any stamp duty.
Makkers82 Posted January 4, 2021 Author Posted January 4, 2021 Thanks ProDave - Our offer is £150,000 so I think this is 0%, just wanted to make sure that this is classed as non-residential for SDLT.
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