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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
"Cassie and the other ladies are absolutely amazing, so very professional and helpful... I was only with living Property for 6 months of my tenancy and during those 6 months the service I had was Brilliant.. Called me back when they said they would, got issues I had sorted quickly and nothing was too much trouble... Absolutely amazing team... Thank you ladies for all your help and support. Definitely 5 stars. "