UK Stamp Duty
UK Stamp Duty
There has been a lot in the news recently of the new stamp duty charge of 3% on second homes that are purchased but you may be wondering what date does the new stamp duty charge come into effect? The new stamp duty charge means that you will pay an extra 3% on the whole […]
The new rules for stamp duty with effect from April 2016 say that if, by the end of the day of the transaction of completing the property purchase, you own two or more properties, and the property you are buying is not replacing your main residence, then you will have to pay an extra 3% stamp […]
With the introduction of higher rate stamp duty (an extra 3% on the purchase price) applying to anyone who owns 2 properties at the end of the day when the transaction takes place, you may be wondering what happens with joint purchasers and higher rate stamp duty. There are two categories here – married couples […]
If I buy a property for the purpose of letting it, but I have no other property, do I have to pay the extra stamp duty? What if the only property I buy is intended as a buy to let? What if I buy a property and don’t live in it? What if I buy […]
This is quite a common question among people at the moment regarding the new changes to stamp duty – what if I don’t sell my old property at the same time that I buy a new one? For example if you want to do some work on the new property before moving in or you […]
How much stamp duty is there to pay on a house worth £450,000? (updated April 2025) If you are thinking of buying a property worth £450,000 then you will probably want to know how much stamp duty there is to pay on the purchase of that property. According to the current rules where you do […]
The details for the 2nd property additional stamp duty payment are still to be discussed before its implementation in April 2016. Currently the amount of the tax has been confirmed (there will be an additional stamp duty tax of 3% of the purchase price due on properties over the value of £40,000) but more details […]