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15% stamp duty tax on homes worth more than £2m

Sun 25 Mar 2012

The UK government 2012 budget has introduced a 15% stamp duty tax on homes worth more than £2m that are bought through a company. Whilst this might come as unwelcome news to some it ensures that the majority of those active in the buy-to-let business sector purchasing residential property via company vehicles are unaffected.

The government also introduced a new 7% stamp duty rate on residential property bought personally above £2m.

Find the HMRC stamp duty land tax schedule here.

If you are considering investing in residential property within the Waveney Valley, Living Property Waveney offers a ‘Buying Agent’ service which includes sourcing suitable property, negotiation and acquisition. To find out more call 0845 459 4095 or email info@livingproperty.co

Living Property, www.livingproperty.co, 06/03/12

"I must say I've worked with several agents in Suffolk, Surrey and Norfolk and with you people I feel like we're working in partnership and I find the help you're offering as far in excess of anything I've found before. In fact because of this I'm going to be looking to invest in more property around Beccles instead of Surrey where I've been looking"
Andy Daines (Landlord)

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15% stamp duty tax on homes worth more than £2m