Higher Stamp Duty Consultation

The Government has published its consultation paper on the higher rates of Stamp Duty for second homes. The deadline for responses is February 1st.

Key points

  • If you own more than one property at the end of the day of the purchase and the property costs above £40k an additional 3% stamp duty will apply for all purchases that do not ‘replace your main residence’
  • There are few exceptions – commercial property, large scale investments (tbc but 15+ properties purchased together),
  • To close a possible loop-hole the first purchase of a residential property by a company will be subject to the higher rates

View the full consultation here

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