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Stamp Duty Tax takes effect today

Friday 01 April 2016  / Ruth Montia

The new stamp duty tax on buy-to-let property and second homes comes into action as of today 1st April 2016.The new rate of stamp duty will have a major effect on the cost of buying an additional property, so for a property worth £280,000, the extra...

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Prime Minister dismisses industry concerns about stamp duty tax

Monday 25 January 2016  / Ruth Montia

The stamp duty changes that will come into action on 1st April, have caused much debate amongst the property industry since it was announced last week. There have been many comments recorded and earlier this month Estate Agent Today readers were given...

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Landlords want to beat the April deadline

Friday 22 January 2016  / Ruth Montia

In the latest survey of residential members released by RICS, it’s quite evident that landlords are trying to beat Chancellor’s stamp duty surcharge deadline. The survey indicates that demand in December defied the typical seasonal slowdown and...

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Top agent says to expect a winter of higher prices

Thursday 10 December 2015  / Ruth Montia

The director of Reeds Rains and Your Move, Adrian Gill say that history has shown buyers rush to take advantage of positive tax regimes so this will apply when the stamp duty surcharge comes into effect in April 2016.Gill comments “In Scotland after...

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What the stamp duty income will look like in years to come…

Monday 30 November 2015  / Ruth Montia

The Treasury has admitted that the stamp duty ‘take’ is expected to climb from £11.2 billion this year to £17.8 billion in 2020/21.The figures were released after George Osborne’s Autumn Statement last week. The figures are not only based...