Positive Stamp Duty Changes for most

Changes in stamp duty mean that most potential purchasers should save on purchasing a property and it could free up the congested £250,000 threshold. Positive changes for the housing market continue –

Let us know what you think on our Facebook page

Stamp duty changes in budget:

Residential property stamp duty has changed so that rates apply only to that part of the property price that falls within each band.
New Banding
0% paid for the first £125,000
Then 2% on the portion from £125,000 up to £250,000
Then 5% from £250,000 up to £925,000,
Then 10% from £925,000 up to £1.5m.
12% on anything above that.

This will save approximately £4,500 on average priced home
Changes to come into effect at midnight on Thursday, 4 December.

 

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on StumbleUponShare on RedditDigg thisPin on Pinterest

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>