9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
15 Dec 2015
Stamp Duty Land Tax or SDLT is a tax levied by the government and paid by anyone buying (or leasing) land or buildings in England & Wales with a capital value in excess of £125,000 or net present rental value over the term of the lease of £125,000.
The tax is payable within 30 days of the transaction and is calculated based upon the purchase price of the property. The amount due is calculated on a sliding scale as follows:
£0 – £125,000 = Nil£125,001-£250,000 = 2%£250,001-£925,000 = 5%£925,001-£1,500,000 = 10%£1,500,001 and Over = 12%
The appropriate SDLT Rate is applied to each band as appropriate and so the buyer of a property bought for say £600,000 would pay SDLT calculated as follows:
£0 – £125,000 = £125,000 x 0% = £0£125,001 – £250,000 = £124,999 x 2% = £2,500£250,001 – £600,000 = £349,999 x 5% = £17,500SDLT Due= £20,000
Stamp Duty is payable by the buyer and in most cases the buyer’s solicitor will deal with the paperwork. Even if you do not have to pay SDLT you will, in most cases, still have to inform the revenue of the transaction.
There are certain exclusions and exemptions to SDLT including when a property is gifted or left in a will or where part of a property is transferred from one spouse to another during divorce. For more details go to the HMRC Fact Sheet here.
Click here to see the new Stamp Duty Tax changes for First-Time Buyers as of November 2017.
Get in touch
General news
General news
General news
