AV Surveyors and Valuers

Setting the Standard.

0844 7000 121

Articles.

Regular articles on industry changes by our team.

Changes to Stamp Duty

Monday, December 08, 2014

In his Autumn Statement, Chancellor George Osborne revamped  stamp duty that will see the levy being cut for 98% of homebuyers, and made changes that will enable partners to inherit a deceased spouse’s Isa.

The impending stamp duty reform


Outlining the measures in his Autumn Statement, Osborne said the stamp duty reforms, which come into force from midnight, will mean new marginal rates for the tax. They comprise no tax on the first £125,000 paid by homebuyers; 2% on the portion up to £250,000; 5% up to £925,000; 10% up to £1.5m and 12% on everything over that.

Corporate Clients

For nationwide coverage, total compliance, a quick turnaround and an end-to-end service with one point of contact call us now.

More

Private Clients

For local market knowledge, a quick turnaround and a great value service with the personal touch call us now

More