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 firstname.lastname@example.org
Living Property, www.livingproperty.co, 06/03/12
"Living Property was quite a new company when I approached them to look after my property. I was impressed by their thoroughness. They not only ensure finding the best tenants but regularly carry out detailed inspections of the property giving me peace of mind. I can continue with my busy life away from the area assured that my property is in the best hands"