VAT on land/woodland purchase

[Im a BusyBee]

is the purchase of land or woodland subject to VAT please?

[buildersmate]

No, not VAT.
Stamp Duty Land Tax may be payable on the transaction depending on the transfer value.

[ummmm]

I went blank there....

Stamp duty...that's what they call it...

[Im a BusyBee]

thanks for your quick answers - i havent been on here for ages, nice to see you are both still about!

[Im a BusyBee]

do you have %'s + thresholds of the stamp duty land tax please?

[buildersmate]

Naturally we can provide answers to such questions. There's a calculator here.
http://www.hmrc.gov.u...ate/calculators.htm#1
On the basis of teaching a man to fish such that he can feed himself for life, I don't hold such info in my head, I merely typed SDLT into Google and it found the relevant pages at HMRC's website. If you didn't know the term SDLT, then it would probably find the same thing if you typed 'land tax' or similar into Google.

[claudelamey]

That would be a great idea and I would vote for that one personally, but it would be considered back tracking by a (silly) government that is supposed to be committed to green issues, and carbon usage is a big part of it's policy
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