Northampton property updates proposals to cut stamp duty There is growing speculation that the government is planning to encourage pensioners to downsize by offering a stamp duty tax break. The move would be a welcome one, according to the National Association of Property Buyers (NAPB) as it would potentially increase the supply of larger properties […]
As you may well be aware, the Chancellor has just raised the threshold for Stamp duty to £500,000 until the 31st March 2021. Whilst this is better than nothing, there is an urgent need for far more drastic measures. Over the last 2/3 decades, we have seen the property ladder literally pulled up from
Agents have spoken out angrily against any uncertainty in the market caused by government leaks about future stamp duty changes. In recent days many national newspapers have reported that Chancellor Rishi Sunak will tomorrow reveal the principles of a stamp duty change – either a six month holiday, or selected short-term changes at the mid
One of the possible stamp duty options floated by Chancellor Rishi Sunak could mean 89 per cent of sales would be duty-free. “Temporarily removing stamp duty for homes up to £500,000 for six months will cost the Treasury £1.3 billion” says the portal’s director of research and insight, Richard Donnell. A six month stamp duty holiday
Family houses are under-occupied and only incentives to downsize can help improve the housing market – with a stamp duty cut being one of the most obvious.
A large majority of property professionals polled by the Royal Institution of Chartered Surveyors say a stamp duty holiday would be an effective way of kick-starting the housing market.
A property law firm is the latest to back a call for a stamp duty holiday to help kick-start the housing market after the lockdown. Collyer Bristow has joined the Royal Institution of Chartered Surveyors, Knight Frank, Home Builders Federation and others in saying that swift action is needed to prevent further damage to the
A London estate agency says one of its buyers wants to delay completion until November 1 “just in case stamp duty is changed in October”. Aylesford International director Brendan Roberts says one of his firm’s buyers made the request following speculation that stamp duty could be lowered by Chancellor Sajid Javid. “Anyone looking to sell is
Primas Law is urging landlords and property developers to seek legal advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A recent ground-breaking case, between P N Bewley Ltd and HMRC, held that properties that are not immediately habitable at the time of completion do not constitute as a “dwelling”