First-time buyers' stamp duty land tax (SDLT) relief expires on 24 March 2012, with no transitional provisions. Any transaction with an effective completion date of 25 March 2012 or later cannot benefit from SDLT relief, irrespective of the date of any contract or agreement.
The withdrawal of this relief was announced by the Chancellor in his last Autumn Statement.
There is still time to take advantage of this relief on your new purchase but you need to be putting the wheels in motion now to ensure that completion takes place on or before the 24th March.
Our Residential Property Team can advise on the availability of this relief - contact us at Burnley on 01282 426251 or Padiham on 01282 778431.
or via our web-link