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DEVELOPMENT OPPORTUNITY. Potential for builder / developer.
Land is approx 825 sqm
Exciting opportunity to acquire a development plot in the popular village of Shotts in North Lanarkshire. This land offers excellent potential for development subject to planning. Planning applications would be welcomed by North Lanarkshire Council's planning department to whom interested parties should direct any planning queries.
The property is conveniently located for local amenities, as well as great transport links. There are a number of good schools within walking distance, numerous shops, bars, restaurants and supermarkets located within Shotts and neighbouring towns. Shotts also has its own leisure centre, golf club, health centre and dental practices. This property would be ideal for commuters to either Glasgow or Edinburgh as there is a train station within close proximity offering quick and regular links to both cities.
Based on property / land value of £34,995 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
34995.00
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