The Royal Institution of Chartered Surveyors (Rics) said getting rid of stamp duty on certain properties could help re-balance the market and reignite activity. Surveyors nave said an overhaul of “outdated” property taxes could give the housing market a much needed boost. Rics said the Government should investigate the changes that are needed to create a more vibrant..
Former Chancellor George Osborne, the man who devised the unpopular stamp duty reform, has come out of hiding to defend the tax reforms after years of keeping quiet. His re-appearance in the stamp duty spotlight came in the form of a tweet over the weekend in which he emphatically criticised a story in The Times reporting the reduction in..
Over the next five years, it is estimated that the government’s flagship housing policy will help over 1 million people get onto the housing ladder. The following information is from the Government website: 121,500 first-time buyers have saved a total of £284,000,000 thanks to the government’s cut to stamp duty, according to official statistics released today..
House price inflation could push 30% of first-time buyer homes out of break leading mortgage brokers call on government to review relief band. Cities in the south of England will be the worst affected Experts are warning that house price inflation could wipe out the benefits of the stamp duty break for many first-time buyers within..
Millions of first time buyers could no longer qualify for stamp duty relief by 2028 due to rising prices putting them beyond the minimum rates, reports say. According to research from L&C, Around four million homes across England will fall outside the current cut off point that first time buyers start paying the property tax..
Calculating stamp duty can be off-putting. The recent changes for first-time buyers, buy to let owners and changes to stamp duty thresholds and rates make it harder than ever to understand and calculate what you should be paying. Different rules apply in different circumstances so here’s a guide to how you can calculate the charges..
Stamp duty is often a complicated business, and it’s hard to know when you might need to pay stamp duty and when it’s not applicable. A straightforward buy and sell is clear, but what about when thinking about the transfer of property between spouses? The rules depend on the circumstances of the transfer, and what..