Stamp Duty – Strategy and Management Consultants

New stamp duty rules posed by Kwarteng:

The amount of Stamp duty tax payable on all property transactions was cut on Friday as part of Kwarteng's 'game-changing' growth plan. Buyers currently pay stamp duty after £125,000 of a home’s purchase price but, today, that threshold was doubled. This means buyers no longer pay stamp duty tax on the first £250,000 of a property purchase. The property price at which first-time buyers will pay stamp duty will be increased to £425,000, from £300,000. The steps taken mean that 200,000 people will be taken out of paying stamp duty all together. This is a permanent cut to stam

by Think Tank September 26, 2022September 26, 2022 Leave a Comment

Property Consulting

Speculated stamp duty cut to bring homebuyers up the ladder:

In today's mini budget there is speculation of stamp duty cuts which will save all homebuyers thousands of pounds and get more people onto and up the property ladder. This is parallel with the current goal of boosting economic growth. Under the current system no stamp duty is paid on the first £125,000 of any property purchase. The threshold at which the duty is paid for first-time buyers is £300,000. How much the buyers pay depends on the price and type of property including if it is residential or non-residential or mixed use. The mini-budget is also likely to include a

by Think Tank September 23, 2022September 23, 2022 Leave a Comment