SDLT changes to the nil rate threshold announced on 23 September 2022

HMRC have advised us that they have completed three videos to assist purchasers and conveyancers with the new calculations for SDLT, following the changes announced at the fiscal event on 23 September 2022. HMRC note these videos focus on the basic calculations only and do not go into any detail on more complicated transactions. They are intended to be an extra assistance during the short period where the outputs from HMRC’s SDLT Calculator and SDLT Return Portal do not reflect the recently announced changes.

Please find links below:

Stamp Duty Land Tax (SDLT) – standard calculation

Stamp Duty Land Tax (SDLT) – first time buyer calculation

Stamp Duty Land Tax (SDLT) – higher rates (HRAD) calculation

We understand these links will be added to guidance shortly.