Williams Estate Agents Logo

What Is Happening With Stamp Duty?

Stamp duty rates and allowances will have probably changed again by the time this post goes live. Stamp Duty used to be quite straight-forward, now the allowances are all very different. The government is trying to lesson the burden of stamp duty on 1st time buyers ‘ HURRAY, and lesson the incentive for buy to let investors to buy property, as a buy to let investor has to pay an extra 3% on top of the normal rate. Buying at £200,000, a 1st time buyer will pay £0 stamp duty, a ‘normal’ purchaser will pay £1500 and a buy to let investor will pay £7500..

Thinking of just selling or letting your home? banner