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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
"The Ladies at Living property are the friendliest and most efficient team I have ever had the pleasure of dealing with. When I moved into my first property I was impressed that they dealt with all the handling of the meter readings and contacted the utility companies on my behalf, Which took immediate stress off my move. They are professional and always reliable, good natured and good humoured in all our correspondences. I would not hesitate to refer them to anyone needing assistance with accommodation."