Stamp Duty Changes

What are the Stamp Duty Changes in the Mini Budget 2022?

The chancellor, Kwasi Kwarteng, has today announced some changes in his ‘mini-budget’ including a reduction in the rate of stamp duty for some purchases. What are the stamp duty changes that have been announced? They are as follows: No stamp duty is payable on purchases under £250,000 (this was previously set at £125,000) and for […]

Rishi Sunak to Make Stamp Duty Annoucement

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 […]

Stamp Duty Charge for Overseas Buyers

The Chancellor of the Exchequer, Rishi Sunak, has just announced in his first budget speech on 11 March 2020, that there will be a surcharge on property purchases for overseas buyers buying property in the UK. The surcharge was stated to be 2% on top of the standard rates, and this would take effect from […]

Consultation Open for New 1% Surcharge for Overseas Buyers

The government announced in the 2018 Budget that they were proposing a new surcharge on UK property purchases of an extra 1% of the purchase price where the buyer (or one of the buyers) is not a UK resident. The consultation process for that proposal has begun and will end on 6th May 2019. The […]

2018 Budget Stamp Duty Changes

The Chancellor of the Exchequer, Philip Hammond, delivered his 2018 Budget yesterday (29th October) and introduced a couple of changes to Stamp Duty within that budget. One change was announced in the House of Commons during his budget speech and the other change was in the small print of the published budget documentation and so […]

Abolition of Stamp Duty for First Time Buyers

In his much anticipated Budget today, the Chancellor Philip Hammond has announced that there will be an abolition of Stamp Duty for First Time Buyers (FTBs) up to the purchase price value of £300,000. This announcement had been anticipated by the property community and had been encouraged to help the FTBs who were finding it […]

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