| Tweet |
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
"Just a quick note to thank you very much for managing our property over the last almost 9 years. It has been great to know you are looking after the place and finding reliable tenants. Had you still been doing sales, we’d have definitely sold through you. Very best wishes for the future,"