25 Mar '15, 5am

Singapore Useful Property Resources | PropertyGuru

When one buys a residential property in the UK, the purchaser will have to pay SDLT. With effect from 4 December 2014, the UK has reduced the rates of Stamp Duty Land Tax (SDLT) payable on the purchase of UK residential property. Flat rates previously applied depending on the bands into which the purchase price fell, but from 4 December the tax will be progressive. In general this will reduce the SDLT payable on properties costing less than nearly £1 million, but will increase the amount due on purchases above that level. As an example, a £400,000 property purchase will now attract SDLT at an effective rate of 2.5% (£10,000) rather than the previous 3% (£12,000).

Full article: http://www.propertyguru.com.sg/singapore-property-resourc...

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