Stamp Duty, or Stamp Duty Land Tax (SDLT) to give it the correct name, is a tax paid when you buy a property. SDLT is charged at increasing rates depending upon the purchase price and if your property purchase is an additional residence to your main home (a holiday home or buy to let investment for example) you will have to pay a further 3% SDLT on top.
If you want to work out your Stamp Duty Land Tax liabilities, please follow this link to the HMRC calculator for Stamp Duty Land Tax: http://www.hmrc.gov.uk/tools/sdlt/land-and-property.html
Non-residential and mixed-use properties
|0% on the first £125,000 of the property price||0% for property or lease premium or transfer value up to £150,000|
|2% on the next £125,000||2% for the next £100,000 (the portion from £150,001 to £250,000)|
|5% on the next £675,000||5% for the remaining amount (the portion above £250,000)|
|10% on the next £575,000|
|12% on the rest (above £1.5 million)|
Listings normally protect the entire building both inside and out and any structures which are either attached to the building or fall within its curtilage to sometimes include garden walls, outbuildings and even cobble stones within the garden.
If you are considering purchasing a listed building or one that is situated within a conservation area, be aware that altering or demolishing a listed building without the relevant consent can attract serious penalties and in some cases even a prison sentence! The listing of a building ensures that its architectural and historical interest is considered carefully before any alterations are agreed and the local Conservation Officer will become one of your most important contacts.
The purchase of any house can present challenges from time to time but there are particular issues to be aware of when buying a listed building. In our experience using a local solicitor and surveyor who are familiar with listed buildings really can make the whole process significantly more relaxed.
Listed Status (England and Wales)
Buildings are of exceptional interest, only 2.5% of listed buildings are Grade I
Buildings are particularly important and of more than special interest, 5.5% of listed buildings are Grade II*
Buildings of special architectural or historic interest, 92% of listed buildings are Grade II
We are fortunate in the Wyre Forest to have a wide selection of historic buildings of which many are listed. If you want to discover more about listings or if you want to find out if a property is listed please follow this link to the Historic England website: http://list.historicengland.org.uk/mapsearch.aspx
Architectural styles and dates
|Tudor||1485 – 1558|
|Elizabethan||1558 – 1603|
|Jacobean||1603 – 1630|
|Early Stuart||1630 – 1680|
|William & Mary / Queen Anne||1690 – 1715|
|Georgian (includes Baroque and Palladian)||1715 – 1790|
|Regency||1790 – 1837|
|Victorian||1837 - 1901|
|Edwardian||1901 - 1914|
Energy Performance Certificates
An Energy Performance Certificate (EPC) shows the energy performance of a dwelling along with recommendations on how to improve it. An EPC is required whenever a building is constructed, sold or rented, is valid for 10 years and can be reused as often as necessary during this time.
Vendors and Landlords must make an EPC available to any interested parties at the earliest opportunity and a copy must be given to the successful buyer or tenant. As agents, we must ensure that an EPC has at the very least been commissioned before we can begin marketing and we must show the EPC rating in all our advertisements.
There are however certain exemptions and legislation was altered back in 2013 stating that “buildings protected as part of a designated environment or because of their special architectural or historic merit are exempt from the requirements to have an energy performance certificate in so far as compliance with minimum energy efficiency performance requirements would unacceptably alter their character or appearance”. In essence this can be interpreted as meaning that listed properties and those situated in some conservation areas do not require an EPC.
For more information about EPC’s or to view all the EPC's stored on the government database please click on the following link www.epcregister.com
Should you require an EPC, Eden Estates would be delighted to put you in touch with one of our local and trusted energy assessors. Please complete the form below or contact us in person and tell us about your plans.