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CHAIN FREE
A rare opportunity to purchase a parcel of land extending to 2.28 acres in a rural setting on the outskirts of the Village, adjacent to the M20. The existing home is of sub standard construction, a static home style unit of approximately 1500 sq ft with a host of other outbuildings and sheds. The existing owner has rights of access however there is no formal planning permission and has resided at Len Wood for the last 23 years. The site has electricity connected, sceptic tank drainage and Calor Gas storage tank for heating and cooking. The plot is accessed by a long driveway and is bordered by the M20 to the North. Flanked by mature deciduous trees and a ditch to the South, otherwise the plot is level.
Based on property / land value of £300,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information