Call me back

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

Mon 26 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

"Living property are now the only letting agent I will use within the Waveney area. Their service is exemplary and far exceeds that experienced with "lesser" letting agents. They are always polite, courteous and professional and have always been a pleasure to deal with. When it comes to renting, the letting agent is your first point of contact with any problems such as water leaks, and this is usually when the problems start. With Living Property, one phone call in the evening of a bank holiday weekend and the problem was fixed within the hour. I would highly recommend anybody to use them."
Tim Smith (Tenant)