Stamp Duty

  • 18 Mar 2016

98% of home buyers are paying less due to stamp duty reform.

The 3% surcharge on second homes and BTL properties will go ahead.

​Treasury confirms purchasers will have 36 rather than 18 months to either claim refund from higher rates or before higher rates will apply.

​He said that receipts would go toward helping people get on the housing ladder in the south west of England

Commercial stamp duty will have a 0 rate band on properties up to £150K.

New commercial property SDLT rates:

​0% rate on up to £150k, 2% on next £100k, 5% over £250k.

Comes into affect at midnight tonight.  Transitional rules will apply to existing transactions.