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Archive | Stamp Duty

Stamp Duty

Could the way Stamp Duty works be changing?

Are changes to Stamp Duty afoot? Yorkshire Building Society have made a statement ahead of the spring budget calling for Stamp Duty to become a tax on sellers, not buyers. This is in an attempt to improve the situation for struggling first time buyers. The threshold on stamp duty was increased to £125,000 in 2006 to keep up with house […]

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stamp duty

Stamp Duty for second properties: Everything you need to know

Everything you need to know about stamp duty for second properties. Anyone buying an additional residential property or a buy to let within the UK will be liable to pay a 3% surcharge in Stamp Duty above that of a solo homeowner or first time buyer. This was announced in the Autumn statement by George Osborne and came in to […]

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stamp duty

Stamp Duty Savings

December last year saw a long overdue change to the stamp duty system which meant big savings for the average home buyer. Only those purchasing the most expensive homes were to be worse off. The old ‘slab scheme’ had been widely criticised for applying sudden increases when entering the next threshold. The current scheme, which has been in place for the last […]

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Seven Sisters, Sussex

Stamp Duty

Stamp Duty.  The bane of many a buyer!  It’s essentially a land tax, and it’s payable on all properties in the UK over a certain price. But from December last year we were offered some relief from the ever-escalating costs of buying a home, as stamp duty pricing changed.                         […]

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Stamp Duty

At long last….. Stamp Duty is to be cut……

At long last… George Osborne has said stamp duty will be cut for 98% of homebuyers in his Autumn Statement to the Commons. The chancellor said that from midnight, the current system, where the amount owed jumps at each threshold level, would be replaced by a graduated rate, working in a similar way to income tax. The changes taking place […]

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