Glossary · GB
Stamp Duty Land Tax (SDLT)
A tax payable on certain purchases of property or land in England and Northern Ireland. The amount depends on factors including the property's price and the buyer's circumstances.
Belgrave in London
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Around this term
Related terms.
Additional Property Surcharge
An additional SDLT charge that can apply when an individual purchases an additional residential property, subject to the applicable rules and exemptions.
Adverse Possession
The legal process by which someone who has openly occupied land they do not own for a qualifying period may apply to become its registered owner. Colloquially 'squatter's rights'.
Amortisation
The gradual repayment of a loan's capital over its term through scheduled instalments, steadily reducing the outstanding balance.
Asking Price
The price at which a property is initially offered for sale by the seller. The final transaction price may be higher or lower.
Assured Shorthold Tenancy (AST)
The most common form of residential tenancy in England and Wales, giving the landlord a right to possession after a fixed term subject to proper notice.
Beneficial Ownership
The real individual who ultimately owns or controls a property or the entity holding it, as opposed to the legal owner named on the title — central to anti-money-laundering checks.
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