This offer ends 22nd December 2023.

We're sorry you missed it. If you are considering buying a beautiful property in an Audley village, please get in touch with our helpful team who can advise you on the right village, the right property, and the purchase option that is right for you.

Stamp duty paid on new retirement property - move in by Christmas

Stamp Duty Paid

Buy now and move in before Christmas

When you buy a new property at an Audley village, and complete by 22nd December 2023, we will pay your full stamp duty. That could be as much as £63,750* paid! Reserve now and move in to your beautiful new home in time for Christmas.

Offer applies to new reservations from 11th September 2023, which complete by 22nd December 2023. See terms below.

Offer terms:

  • For new reservations from 11th September 2023
  • Contract completion must take place by 22nd December 2023 (For an incomplete property purchased at Scarcroft Park, exchange of contracts must take place by 22nd December 2023)
  • Selected new properties at selected villages only
  • Excludes pre-owned properties
  • Offer must be quoted on paperwork
  • Offer will be applied when the exchange fee is paid
  • This will be a cash reduction from the agreed property price
  • The new Audley property must become your first and only primary property
  • Eligible on the purchase of one property only
  • Eligibility criteria based on UK residents
  • If the property sale is cancelled for any reason, the offer will no longer apply
  • Cannot be exchanged for cash
  • Offer can be withdrawn at any time
  • Offer cannot be used in conjunction with any other offer, promotion or discount
  • Please speak to a sales team member for more information
  • *Up to £63,750 paid, is based on Stamp Duty of £63,750 to purchase 8 Northcote House at Audley Sunningdale Park.

Note: Monthly management fee and deferred management charge apply to the sale of all properties

Stamp duty on a retirement property

What is Stamp Duty?

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. The tax is different if the property or land is in Scotland or Wales.

You pay the tax when you;

  • Buy a freehold property
  • Buy a new or existing leasehold
  • Buy a property through a shared ownership scheme
  • Are transferred land or property in exchange for payment, for example you take on a mortgage or buy a share in a house
How and when do I have to pay Stamp Duty?

Stamp Duty Land Tax is payable within 14 days of completion of a property purchase. A mortgage provider cannot lend towards Stamp Duty. It must be paid in full within 14 days of completion. As a buyer you can choose to file the return yourself directly to HMRC, although your solicitor will usually take care of this for you.

Does Stamp Duty apply if I buy a retirement property in an Audley village?

Yes. Stamp Duty is a legal requirement upon completion of any property purchase. Audley property experts in the village are well-versed in the sale and purchase of retirement properties and can provide advice and support when it comes to buying property, as well as selling your previous property or properties.

What if I am buying a second property?

If your purchase is an additional dwelling, then there are higher rates applied on top of the standard rates. This is generally 3% on top of the standard rates above.

  • Up to £500,000 - You pay 3% SDLT in total if buying an additional property (an additional 3% on top of the standard rates)
  • Between £500,001 and £925,000 - You pay 8% SDLT in total on anything above £500,000 (an additional 3% on top of the standard rates)
  • Between £925,001 and £1.5million - You pay 13% SDLT in total on anything above £500,000 (an additional 3% on top of the standard rates)
  • Anything above £1.5million - You pay 15% SDLT on anything above £500,000 (an additional 3% on top of the standard rates)

You may be eligible for a stamp duty refund on your second home surcharge if you sell your main residence within three years of paying the additional 3%. Contact Gov.uk to ask for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties if you sell what was previously your main home.

Read the detail on the Gov.uk website and view the Stamp Duty Land Tax calculator

 

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"Moving in and being settled before Christmas took the pressure off and meant we could enjoy a relaxed Christmas with family."

Mrs H