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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

"I would like to say that Saffron is very impressed with how Living Property Waveney Lettings and the staff has worked with us on setting up this tenancy. It is refreshing to meet a private sector company who understands the housing needs of vulnerable customers and are willing to work with us for the best outcome for the owner and tenant. I look forward to working with you"
Sarah Spelman - Saffron Housing Trust Ltd (Housing Association)