UK Stamp Duty
UK Stamp Duty
There are many scenarios surrounding the payment of the additional 3% of stamp duty which applies if you buy a second home which is not replacing your main residence. One of the possibilities is if you are considering buying a houseboat when you already own one or more properties. This could also apply if you […]
There is a lot of confusion about the new stamp duty that generally applies to purchases of second homes. One particular area of confusion lies where a person has already sold their main residence and is about to buy another one. The confusion lies where the person in question also owns other properties (or even […]
How much stamp duty will I pay if I buy a £300,000 house? (Updated April 2025) There have been a few major changes in stamp duty in the past couple of years so when buying a house it has become a bit more difficult to figure out how much stamp duty you need to pay. […]
Will I pay the extra 3% stamp duty if I buy a property which will be the only home that I own and then I rent it out? Since the introduction of the extra stamp duty tax on second home purchases, many people are thinking that this is an extra tax on buy to let […]
When the bill for the extra 3% stamp duty on second properties came into effect on 1 April 2016, and then increased to 5% in 2024, some people were concerned that they would have to pay extra stamp duty on any transaction that also included purchasing a granny annex alongside a main residence, which would […]
So at the end of this week the new stamp duty charge will be introduced of 3% on top of standard levels if you are buying a second property. Although the changes went through a consultation period not many changes came out of this apart from the maybe unexpected change of extending the crossover period […]
There were a few updates made to stamp duty by the Chancellor of the Exchequer, George Osborne, in the March 2016 Budget yesterday. Firstly there were changes to the ‘overlap’ period whereby people will now have 36 months to sell an old property rather than the 18 months that was originally cited in the consultation […]
There is one month to go until the change in the stamp duty rates for second property purchases. The new rules come in on 1 April (and not 6th April like the new tax year as some people may be thinking) and anyone buying a second property on or after this date will have to […]
Stamp duty on house purchases has been a fact of life for UK house and land buyers in some shape or form for centuries! However, recently there have been significant changes to the stamp duty regime and how much stamp duty you may need to pay. So when asking ‘how much extra stamp duty will […]
The introduction of the new stamp duty of 3% on second properties that will be introduced on 1st April 2016 has brought up a number of questions about how exactly the scheme will work and what situations would give rise to the payment of the additional stamp duty. One of these questions is – will […]