The stamp duty holiday extension has led to a substantial rise in demand in property over recent months. With a rise in activity and with property transactions taking longer, there are concerns as to whether professionals in the UK will be able to keep up. The Stamp Duty Holiday On 3rd March 2021, Chancellor Rishi..
The latest house price index from the Office of National Statistics (there are others) illustrates how the property market is remaining in full flow across the UK. The March 2021 index shows that the average price of a UK property was £256,405 and the annual price change in UK property was 10.2%. House prices have..
Whether you are a seasoned landlord or simply harbour ideas of becoming a property investor, you are probably aware that picking out a buy-to-let property requires an entirely different approach than finding your forever home. From calculating rental yields to attracting suitable tenants, there are several important considerations when choosing a property to let. Stamp..
Make The Most Of The Stamp Duty Holiday If you want to sell your home in time to make the most of the stamp duty holiday extension, you had better act fast – you haven’t long left…. SDLT Holiday Extension The extension to the stamp duty holiday was announced as part of the Spring 2021..
Have you overpaid on your stamp duty? Stamp duty (SDLT) is a tax people pay when buying land or property in the UK above a certain value. Stamp Duty rates in the UK have been subject to numerous changes over the years meaning people don’t always know where they stand or what they owe, meaning..
Stamp Duty Land Tax (SDLT) is paid when you purchase land or property for a certain price in Wales, England or Northern Ireland. The tax affects both leasehold and freehold properties despite whether the purchase is with a mortgage or bought outright. SDLT also applies when buying a property through a shared ownership plan or..
When you sell a property that’s not your only residence you will usually have to pay capital gains tax on it. But can you offset stamp duty against your capital gains tax? This could help to reduce the impact of the costs you need to outlay when you’re buying property. What is capital gains tax?..
Stamp duty, officially referred to as stamp duty land tax (SDLT), is a lump-sum tax that you will need to pay if you buy land or property that amounts to more than a set figure. In Scotland, this is known as land and buildings transaction tax. The rate of tax you need to pay depends..
Stamp Duty Land Tax (SDLT) has to be paid on any buy-to-let property you invest in. The amount payable varies at a rate governed by the price you pay for the property. As of new tax laws implemented in April 2016, the current rates of SDLT for investment properties are as follows: – 3% on..
Stamp Duty Land Tax is a tax levied by the UK Government on all house or land purchases that cost above certain amounts. Therefore, stamp duty could well be payable if you buy land that already has planning permission granted, but it will be levied on the cost of the land and not the potential..