Marquess Tax, SDLT, Stamp Duty Land Tax
Marquess Tax, Residential Property with Annexe, SDLT, Stamp Duty Land Tax

Residential Property with Annexe

We recently advised a client who was purchasing a new main residence for £1,250,000.

Along with the main property, the title included a self-contained one-bedroom annexe.

Our client’s solicitor had applied the standard residential rate of Stamp Duty Land Tax to calculate a tax charge on this transaction of £66,250. 

Upon further review, we determined that there was relief claim applicable because the property included a subsidiary dwelling, which reduced the clients tax bill to £37,500, saving them £28,750.