Updates

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 […]

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 […]

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