UK Stamp Duty
UK Stamp Duty
Last week, the Chancellor Rishi Sunak announced a cut in stamp duty to 0% for the first £500,000 of the property purchase price in order to kick start the housing market. But does this stamp duty cut apply to second properties? The answer to this question is yes and no. The way that stamp duty […]
Today (8th July 2020) the Chancellor of the Exchequer, Rishi Sunak has announced that there will be a temporary cut to stamp duty payments up to £500,000 until 31st March 2021, due to the effect of the Covid-19 pandemic on the housing market. Mr Sunak said that the reasons behind implementing this reduction were that […]
It is expected that today, 8th July, Rishi Sunak will unveil a host of financial packages to help the recovery after the Covid-19 pandemic. Among those changes is a possible suspension of stamp duty payments to try and encourage the housing market to recover. This could mean that buyers of properties up to a certain […]
Last week the government issued some new advice regarding anyone who planned to complete on a property transactions in the coming few weeks. The government is urging parties involved in home moving to adapt and be flexible to alter their usual processes. Where the property being purchased is vacant then the transaction could go ahead […]