We are delighted to hear of the changes to the Stamp Duty Land Tax thresholds following the government’s recent budget announcement.
It means that first time buyers buying properties worth up to £425,000 pay no stamp duty land tax, and the threshold at which stamp duty land tax is payable for those who have previously owned property, has increased from £125,000 to £250,000. Those buying additional properties, second homes, buy to lets, will still be subject to the 3% surcharge on the standard rates. The changes, brought in with immediate effect, mean a potential saving of thousands of pounds for those buying residential property.
We advise our clients on a range of residential property transactions, and in particularly pride ourselves on only having qualified lawyers dealing with your matters, and who have the expert technical skills and ability to deal with complex conveyancing. We are renowned for dealing with high value rural properties, for providing solutions to tricky legal titles and issues, and having the experience and reliability you should expect from us.
For help with any property matters, to obtain a conveyancing quote or to speak to one of our qualified lawyers today, please call our team on 01524 846846.