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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
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