Property – Stamp duty

From April 2016 there has been an additional 3% on usual rates of stamp duty for buy to let properties and second homes. For a property purchased for £200,000, stamp duty will increase by £6,000. The government has a strict interpretation of second home so it will be very difficult to avoid this increase. Purchases of residential property are also subject to the 3% increase.

If you will be a property owner in the Bromley / West Wickham area and wish to discuss a property purchase please contact us

By | 2017-02-23T16:28:16+00:00 February 23rd, 2017|Accountancy News|0 Comments

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