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Showing Category: Stamp duty
What Will Happen To House Prices in 2022?
1 in 5 homes is selling within a fortnight of coming to market. One of the most astounding things that have happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709 with GDP dropping 28% in one quarter, one […]
Lifeline for Bristol House Buyers & Bristol First-time Buyers
In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Bristol properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only on […]
Lifeline for Portsmouth House Buyers & Portsmouth First-time Buyers
In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Portsmouth properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only on […]
Bristol Property Market: Is it Time to Stamp Out Stamp Duty?
Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 […]
Portsmouth Property Market: Is it Time to Stamp Out Stamp Duty?
Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 […]
Portsmouth Homebuyers Have Saved £83,640 Thanks to the Stamp Duty Holiday – Yet Many Could Miss Out
Portsmouth homebuyers and Portsmouth landlords purchasing residential property have saved £83,640 since the Chancellor reduced Stamp Duty on 8th July 2020, yet many more Portsmouth homebuyers could miss out. My analysis of properties sold in Portsmouth from the Land Registry between the introduction of the Stamp Duty holiday on 8th July 2020 and 14th August […]
Are you on track to sell your home in Portsmouth before the stamp duty deadline?
When Chancellor Rishi Sunak announced the temporary stamp duty exemption back in July, there was excitement in the air in Portsmouth. Those who had been thinking of moving in a few years started to have discussions on whether they should do it sooner. Families who had felt like the walls were getting smaller around them […]
Are you on track to sell your home in Bristol before the stamp duty deadline?
When Chancellor Rishi Sunak announced the temporary stamp duty exemption back in July, there was excitement in the air in Bristol. Those who had been thinking of moving in a few years started to have discussions on whether they should do it sooner. Families who had felt like the walls were getting smaller around them […]
1,492 Portsmouth Properties Sold in Stamp Duty Holiday Bonanza
On the 8th of July 2020, the Chancellor announced the first £500,000 of any property bought was exempt from stamp duty until 31st March 2021. This also included buy to let landlords (although they would still need to pay the additional 3% stamp duty level for second properties). Talking to many of you Portsmouth homeowners, […]
Portsmouth Homebuyers & Landlords Set to Save £2,011,880 in Stamp Duty Over Next Nine Months
The British are infatuated with owning their own property and politicians know that. Margaret Thatcher used it as a vote winner in 1979 when she allowed council house tenants to buy their own home. Coming to the present day, Boris Johnson’s Conservative government have anxieties that the Brits have not been buying nearly enough homes […]
What is going to happen to Stamp Duty on 11th March?
If you are buying a home in England costing more than £125,000, you will have to pay Stamp Duty Land Tax on the purchase of your new home. In the provinces, it’s called something slightly different, so if you are buying a property in Scotland over £145,000 you will pay Land and Buildings Transaction Tax […]