In practice, which party is associated with paying Stamp Duty Land Tax?

In practice, which party is associated with paying Stamp Duty Land Tax?

• A. Vendor
• B. Purchaser
• C. Solicitor
• D. Estate Agent

Answer: (C)

Stamp Duty Land Tax is the tax charged on the transfer of property. In practice, the purchaser is the party responsible for paying SDLT to HMRC, based on the price paid for the property (with any applicable reliefs or additional charges). The conveyancing solicitor or conveyancer typically handles working out the amount, submitting the SDLT return, and arranging payment on completion. The seller does not pay SDLT, and the estate agent is not responsible for it. This reflects that the tax is linked to the buyer’s end of the transaction, so budgeting for a property purchase should include SDLT as part of the overall buying costs.

Stamp Duty Land Tax is the tax charged on the transfer of property. In practice, the purchaser is the party responsible for paying SDLT to HMRC, based on the price paid for the property (with any applicable reliefs or additional charges). The conveyancing solicitor or conveyancer typically handles working out the amount, submitting the SDLT return, and arranging payment on completion. The seller does not pay SDLT, and the estate agent is not responsible for it. This reflects that the tax is linked to the buyer’s end of the transaction, so budgeting for a property purchase should include SDLT as part of the overall buying costs.