Stamp duty holiday

[Two Gun Bob]

A stamp duty holiday with immediate effect has just been announced for a six month period to give the property market a kick in the right direction. However will the stamp duty holiday apply to Brits wanting to buy a second home. Current situation as of yesterday is that being an accidental landlord costs a purchaser higher rate tax bands. The extra rate charges are refunded on sale of previous property's if disposed off within 3 years. However it could be a difference for the daughter between 0 and 14k to pay immediately. Mods move to politics if required.

 

[Wafty Cranker]

A stamp duty holiday with immediate effect has just been announced for a six month period to give the property market a kick in the right direction. However will the stamp duty holiday apply to Brits wanting to buy a second home. Current situation as of yesterday is that being an accidental landlord costs a purchaser higher rate tax bands. The extra rate charges are refunded on sale of previous property's if disposed off within 3 years. However it could be a difference for the daughter between 0 and 14k to pay immediately. Mods move to politics if required.

Only main residence get the full exemption (under £500k).

If it is an additional property you’ll still be liable for 3%.

The website has just been updated

https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

 

[Ban-jani]

@gordondaviesmoustache will be on soon worrying about his fifth home.

 

[denislawsbackheel]

A stamp duty holiday with immediate effect has just been announced for a six month period to give the property market a kick in the right direction. However will the stamp duty holiday apply to Brits wanting to buy a second home. Current situation as of yesterday is that being an accidental landlord costs a purchaser higher rate tax bands. The extra rate charges are refunded on sale of previous property's if disposed off within 3 years. However it could be a difference for the daughter between 0 and 14k to pay immediately. Mods move to politics if required.

No of course it doesn’t,

 

[quiet_riot]

Ideal time to move then. Last time I moved there was no SD for first time buyers.

I'd like to go my entire life without paying a tax on having the temerity to want to move.

 

[Onholiday(somemightsay)]

Literally have way through building an extension as we were put off upsizing due to the stamp duty involved.

Disappointed that the holiday isn't across the board..........

 

[cleavers]

Mods move to politics if required.

It's fine in here, it's useful advice, so long as people keep politics out of it.

 

[sir baconface]

@gordondaviesmoustache will be on soon worrying about his fifth home.

Not really. He tipped it to the bartender on Saturday.

 

[Northernstorirs]

It's just a shame that banks such as Halifax (who were bailed out by the tax payer) are so reluctant to lend to first time buyers despite applicant having nearly perfect credit scores and indication of job security. They've now decided to request a minimum deposit of 15%.

 

[Ban-jani]

It's fine in here, it's useful advice, so long as people keep politics out of it.

Shut it you Tory ****.





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