UK Stamp Duty
UK Stamp Duty
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 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 […]
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 […]
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 […]
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 […]