Tag: stamp duty
Tips for being successful with buy-to-let
If you are considering purchasing a property to rent to tenants, you need to take steps to ensure your investment gives you the return you need. We take a look at some tips to help you succeed. Buy-to-let is less popular than it has been in the past due to higher mortgage rates and a...
Stamp Duty changes September 2022 explained
In September 2023, chancellor Kwasi Kwarteng announced changes to rates of Stamp Duty payable on property purchases in England and Northern Ireland. Although tax cuts announced at the same time were subsequently withdrawn, the Stamp Duty changes remain in effect. The new rates of Stamp Duty will mean less tax will be payable for some...
Stamp Duty surcharge introduced for overseas property buyers
On 1 April 2021, the government introduced a new Stamp Duty Land Tax surcharge of 2 per cent for buyers of homes in England and Northern Ireland who are from outside the UK. This means that overseas buyers will be required to pay an additional 2 per cent on top of the standard level of...
Can I buy my parents’ home below market value?
It is open to children aged 18 or over to buy their parents’ home for less than it is worth, however this can have serious financial implications. Selling a home to children is often desirable, helping the next generation onto the property ladder, passing on the home without incurring estate agency fees and keeping a...
Sell your house in time to benefit from the Stamp Duty holiday
To stimulate the housing market during the pandemic, the chancellor has put in place a temporary measure meaning many home buyers will not have to pay Stamp Duty. The nil-rate period is set to last until 31 March 2021. With purchases often taking several months to complete, if you want to save money by not...
What Do The Stamp Duty Changes Mean For You?
The announcement of a temporary stamp duty holiday on the first £500,000 of all property in England and Northern Ireland has been done in an attempt to boost the economy, but what will this mean for many people either considering buying or in the process of buying. Stamp Duty in England and Northern Ireland is...
