Please note, the information provided below is for guidance only and should not be construed as tax advice. You should affirm your own tax situation with a tax advisor and should not rely on the below when making tax planning decisions.
When you purchase the property from us, you will be liable to pay SDLT subject to the law prevailing at the time.
Depending on the rules and regulations at that time, it is possible you may not at that stage qualify for first time buyer’s relief, due to your leasehold interest in the property. However, you should seek professional advice from a suitably qualified tax advisor to ascertain your position in relation to SDLT and your entitlement to any relief available now or later.
You can find out information on SDLT tax relief and thresholds on the government website here.
This information is accurate at the time this FAQ was written (24th July 2023.)