Menu

Posts Tagged stamp duty

First Time Buyers & Stamp Duty

April 01, 2018  |   Posted by :   |   Blog

If you’re a first time buyer you’re immediately at an advantage when it comes to negotiating the housing market. Not only are you free from relying on a chain but you’re also able to dodge stamp duty charges to a certain extent. As of November 2017, a permanent change was applied to stamp duty for first time buyers, raising the threshold to £300,000 (and up to £500,000 in more expensive areas such as London), saving you an extra 2-12% in fees! First time buyers are required to declare that they have never owned property in the UK or elsewhere to qualify for the relief, and if property is being ...

The changes to stamp duty explained

January 17, 2015  |   Posted by :   |   Blog

On the 4th of December 2014 the rules on stamp duty changed, splitting the rate of tax into several different price bands to make it fairer and reduce the cost for the majority of homebuyers. Here are the main points you need to know if you’re planning on buying property in 2015: You will need to pay stamp duty on any UK home costing over £125,000 If you buy a property for less than £937,500, you will pay less (or the same) stamp duty than in 2014 Stamp duty rates will be reduced for 98% of people who are eligible to pay it Instead of ...