While this was a Budget that was more about electioneering than content those interested in property did notch up one of the few surprise measures in the Stamp Duty Land Tax increase applying to properties worth over £1m.
Stamp Duty Land Tax Residential property
Two measures were announced one supposedly paying for the other. Both apply to residential property only which in the case of the new top rate was a relief to the commercial property industry.
The first measure is one of the most political in the Budget — a relief from SDLT for first-time buyers for purchases of property for less than £250 000 where this is to be used as their only or main residence. This 'holiday' is available for purchases completing on or after 25 March 2010 for two years only. The current exemption for...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
While this was a Budget that was more about electioneering than content those interested in property did notch up one of the few surprise measures in the Stamp Duty Land Tax increase applying to properties worth over £1m.
Stamp Duty Land Tax Residential property
Two measures were announced one supposedly paying for the other. Both apply to residential property only which in the case of the new top rate was a relief to the commercial property industry.
The first measure is one of the most political in the Budget — a relief from SDLT for first-time buyers for purchases of property for less than £250 000 where this is to be used as their only or main residence. This 'holiday' is available for purchases completing on or after 25 March 2010 for two years only. The current exemption for...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
