HMRC is consulting on potential changes to the Stamp Duty Land Tax (SDLT) rules for mixed use property purchases and Multiple Dwellings Relief. If introduced, these changes will have important tax consequences for future property purchases. Mixed-use property Background Mixed-use property includes bo...
When do I pay basic stamp duty? There are exceptions and allowances. Second properties under £40,000 and all caravans, mobile homes and house boats are exempt from additional stamp duty. In fact, first-time buyers benefit from SDLT relief on purchases up to £425,000 when purchasing ...
Is stamp duty the same for first-time buyers and second home buyers? No, in England, Northern Ireland and Scotland, first-time buyers benefit from a higher zero-tax threshold then other buyers to save them some money. Although in Wales, first-time buyers face the same rates as other buyer...
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