News
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Stamp Duty Overhaul Welcomed
Chancellor George Osborne surprised many during yesterday’s Autumn Statement by announcing an overhaul of Stamp Duty, a move which is estimated to benefit up to 98% of home buyers. Previously, Stamp Duty Land Tax (SDLT) was payable by the majority of people purchasing a residential property in the UK. The amount charged varied depending on the purchase price of the property so a home bought for £125,000 was exempt from [...]
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The Secrets of Stamp Duty
Once again, stamp duty has hit the headlines with reports released this week suggesting the tax paid when buying a property is damaging the housing market. Stamp Duty Land Tax, or SDLT, is charged by the Government on any residential property sold for more than £125,000 and is estimated to raise more than £3bn for the Treasury each year. The amount charged varies on the price paid for a property [...]