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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 rise: what will it mean for the housing market?
From the 6th April 2011 the new 5 per cent rate of stamp duty will apply to acquisitions of residential property in cases where the purchase price exceeds £1m.
There are some exclusions to this and...
The ‘Green Deal’: Government may offer greater financial incentives to housebuilders, businesses and homeowners
The Confederation of British Industry (CBI) has warned the Government that unless it provides greater clarity on how its 'Green Deal' scheme will be financed, it could fail to attract the businesses it...
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,...
Home buyers could face tax bill for purchasing energy inefficient homes
The Government is considering introducing new stamp duty penalties to force property owners to make their homes more energy efficient.
Under the proposals, a person purchasing a house in the lowest...
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...
Treasury Consulation on Buy to Let
As was reported in the press this morning, The Treasury has published a consultation called "Investment in the UK private rented sector". Otherwise known as buy to let.
One of the key proposals is to...