UK Stamp Duty
UK Stamp Duty
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 […]
How Much Stamp Duty is There to Pay on a £230,000 Property? Stamp duty is payable in the UK on most property purchases, particularly residential property purchases above the value of £250,000 (figures updated September 2022). The amount that you have to pay depends on the purchase price of the house/property and is calculated as […]
How much stamp duty is payable on a house being purchased for a price of £210,000? In another in our series we look at how much stamp duty you need to pay when you buy a house worth £210,000. Stamp Duty is payable on residential properties over the value of £250,000 and so you may […]
Due to the ongoing political turmoil we are still waiting for an announcement on when the 2019 Budget will take place. Obviously with Brexit on the horizon I think we can assume that it is likely to be after 31st October when we will all have a better idea of the political and economic situation. […]
How much stamp duty is payable on a property with a purchase price of £425,000? When you purchase a property in the UK you will need to pay stamp duty on that purchase which is an additional cost that needs to be taken into account when the purchase goes through. The amount of stamp duty […]
As you are probably aware, stamp duty is payable on most property purchases in the UK and the amount payable is dependent on a few criteria – the main one being the cost of the property that you are buying and also whether the property you are purchasing is your main or only home, or […]
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 […]
When Do I Have to Submit My SDLT Return? On 1st March 2019 the time limit for submitting the SDLT (stamp duty land tax) payment from qualifying transactions will be reduced from 30 days to 14 days. There will also be some improvements made to the SDLT return which will be implemented at the same […]
As you probably know, stamp duty is payable when you buy a residential property in England and the amount payable depends on the purchase price of the house or property that you are buying. In this series of articles we are addressing how much you will need to pay for a property worth a specific […]
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 […]