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.