Spring Budget 2017 has left most the UK property businesses disappointed as there was no change to SDLT (Stamp Duty Land Tax) and new buy-to-let taxes despite numerous industry calls for the rethink of the both. Here below are the main points from the Spring Budget 2017 UK economic growth hiked to 2 per cent from 1.4 per cent this year but the forecast growth rate until 2021 remains the same...
London Help To Buy, provided by the Government, was launched in February 2016 and is available for properties across all London boroughs. London Help to Buy applies to newly built homes worth £600,000 or less and is available to both: first-time buyers and home movers. The Government lends up to 40% of the cost of a new London home; the buyers need to raise a deposit of at least 5% and to secure...
Stamp duty surcharge should be considered when buying a second home for your own use or as a buy-to-let investment. In either case, since April 1, 2016, a stamp duty surcharge of three percent has been levied on second homes. Stamp duty (stamp duty land tax or SDLT) – is a tax paid by homebuyers when they purchase property or land. For more details about the current SDLT rates see...
