UK Stamp Duty
In November 2017 the government bought in new rules regarding the stamp duty that is payable by first time buyers. In essence this meant that first time buyers who were buying a property worth under £300,000 would not have to pay any stamp duty as long as this was their first purchase. As with all […]
If you are buying a property and checking out how much stamp duty that you need to pay on the purchase then we can help you here. So if your question is how much stamp duty would I pay on a £180,000 house then check this out below (updated September 2023). There are many extra […]
Since the new rules on the amount of Stamp Duty that you have to pay were introduced in April 2016 there have been many questions about whether or not you need to pay the extra Stamp Duty of 3% when buying property if you (and that means one of you if you are buying as […]
In April 2016 the government introduced the extra 3% stamp duty for purchases of second and further properties in the UK. This was to discourage the recent buy to let phenomenon which has meant that a lot of first time buyers are struggling to get on the property ladder. However, there are a lot of […]
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 […]
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 […]
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 […]
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 […]