QualitySolicitors Chapman & Chubb

QualitySolicitors Chapman & Chubb
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Wednesday, 13 January 2016

Buy to Let - Stamp Duty

George Osborne’s plans to impose a Stamp Duty surcharge on “Buy To Let” and other additional properties looks set to come into force on 1 April 2016.

Anyone buying a second property (which isn’t or doesn’t replace their main residence) after that date will be subject to a further Stamp Duty charge of 3% in addition to all existing Stamp Duty. This even covers properties over £40,000 which previously were exempt from stamp duty.

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