Updates

Why Did Angela Rayner not Pay the Correct Stamp Duty?

I’ve been caught up in this story from a distance over the past few days, and then hearing today that Angela Rayner should have paid more stamp duty than she did, I thought I would look into it further. Obviously with an interest in these matters, hearing the news on the radio, as first I […]

Stamp Duty on 2nd Properties Increased

The Chancellor of the Exchequer, Rachel Reeves, introduced her first budget today, and it was a big one. There was a big increase in tax on businesses and individuals with additional sources of income, and an increase in the level of stamp duty payable on second properties was also announced. Currently there is a 3% […]

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 […]

Does the Stamp Duty Cut Apply to Second Properties?

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 […]

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