Latest news and views tagged Stamp Duty Land Tax
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There was good and bad news for homebuyers in the Chancellor’s recent Autumn Statement.
The introduction of a new-build indemnity scheme, aimed at increasing the supply of affordable mortgage finance...
Stamp Duty Land Tax victory for taxpayer
As I've mentioned previously, HMRC have lost the first case to go to litigation on SDLT planning. You can read my summary and comments in Estates Gazette here.
The Budget: how does it affect residential property?
On Wednesday, the Chancellor published his Budget Report and Plan for Growth. So what’s in store for residential property.
1. Assistance for first-time buyers
The Government announced that it will...
Stamp duty victory for the taxpayer
What do you expect from a story about tax? Taxes are rising. Legislation is getting more complicated. Compliance more burdensome. HMRC have launched their latest crackdown (currently plumbers). ...
Stamp Duty rant
Why, why, why do newspapers continue to harp on about stamp duty planning and get it wrong? It grates every time I read an article like the one (about a "stamp duty loophole") in a broadsheet last weekend...
Thinking of buying or selling a £1m home? – watch out for the SDLT increase in April 2011
If you are thinking of selling and/or buying a residential property worth £1m or more, then you had better act quickly to avoid the impending Stamp Duty Land Tax (SDLT) rise in April 2011.
Currently,...
Off-plan purchasers could be hit by the new 5 per cent stamp duty rate
In last week’s budget, the Chancellor announced a new 5 per cent stamp duty tax rate for house purchases worth more than £1m, which will take effect from 6 April 2011.
This change at first glance...
Budget – stamp duty for first time puchasers FAQs
The Revenue have published a Q&A session which, hopefully, will answer some of your questions. In addition to the Revenue’s answers I’ve added my thoughts.
We’ve had a great discussion on...
Budget 2010 – Stamp Duty changes
Whilst I am slightly loathe to post a pre-budget rumour this one is sufficiently headline grabbing to warrant some attention.
The BBC have reported that Chancellor Alistair Darling is to announce in...
What does 2010 hold for the first-time buyer?
We have all heard the encouraging news in relation to the housing market improving, but what is the reality? First-time buyers have had a notoriously hard ride obtaining mortgages, with many lenders requiring...