Completed house sales fell 5.7 per cent last month compared to last year as potential buyers were put off by stamp duty and higher prices in urban areas. House sales also declined three per cent between May and June to 96,370, according to HMRC figures. The Office for National Statistics’ house price index last week revealed that house price growth..
The number of amateur landlords buying new properties is in dramatic decline as recent tax changes come into effect. According to figures from trade body UK Finance, there were 5,500 new buy-to-let home mortgages completed in May, 9.8 per cent fewer than May last year. This could very well be because of the 3 per cent stamp duty..
Although residential property price growth in the UK has been fairly subdued of late, buy-to-let investors are still ably to expect a strong return on investments in certain areas over the next few years. With changes to buy-to-let tax relief and increases in stamp duty creating a challenging investor market, these locations offer a potential goldmine for the..
A new law is set to stop Airbnb hosts earning up to £7,500 tax-free when letting out their home – unless they’ are also staying there. AirBnB launched in 2009, and started by helping 21,000 guests a year find a place to stay – to helping six million a year go on holiday, and currently lists a..
It has been suggested The Bank of England should use its powers to freeze house prices for the next five years to reduce the chances of another financial crisis The Institute for Public Policy Research said that Britain needed to “reset” the way it thinks about rising prices to break the “cycle of ever-rising house..
Many people are interested to know whether stamp duty on transfer of property between spouses is payable since married couples often transfer properties and other assets to each other. The following information from the Government website should make this information clear: You may need to pay SDLT when all or part of an interest in land or property..
One of the most asked question about stamp duty is whether it is tax deductible or not. Here is some information from the government website which will help you work out whether or not this will be the case for you Work out your gain Also you can use our Stamp Duty Calculator to work..
New research suggests that many young people in Britain are pessimistic about their likelihood of ever Home ownership. According to a survey from the Building Societies Association (BSA), 70% of us say that the difficulties young people have getting onto the housing ladder is one of the biggest problems we have in Britain today. This is..
The following info is latest available info from the Government on Stamp Duty. For the purpose of Stamp duty Land Tax (SDLT)Non-residential property includes: commercial property, eg shops or offices agricultural land forests any other land or property which is not used as a residence 6 or more residential properties bought in a single..
Due the the ever changing government guidelines on property purchase, it is a good idea to keep up to date with You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property. Different properties have different rules which will be outlined here. Use our..