Stamp Duty 'Holiday'?

Stamp Duty 'Holiday'

I've just been reading an article about Rushi Sunak's speech on Wednesday (8th July) which is expected to announce a big change on STAMP DUTY, in a bid to stimulate the house buying market and have a knock on effect to the rest of the economy.

No alt text provided for this image

Stamp Duty is a tax on property which is payable on purchases above £40,000 and differing thresholds. The rate varies depending on whether its residential, a 2nd home or an investment property.

It is expected that from the Autumn budget the threshold cuold be raised as high as £500,000 meaning most home buyers won't pay any stamp duty.

There is also the potential to not pay any stamp duty on vacant land to stimulate the house building sector, in line with the PM's 'Build It, Build It, Build It' speech from last week. The measures are expected to be in place for a year!

So if you're looking to get on the property ladder, or buy a new home watch out for Wednesdays announcement, it could be a signinficant game changer for 365 days!

Steve Guest ??

19 Years Recruiting Construction Top Talent ??Keynote Speaker ??Author of Top Biller - The Life of a Recruiter & A Personal Brand Story?? Founder & Mentor at the 12-Week Recruitment Mastery Programme ???♀? Podcast Host

4 年

Yes please Dan Lewry

Sam Spencer

Property Investor & Mentor ??I help people scale their property business to 10k / month ??DM “10k” for info

4 年

Interesting!

要查看或添加评论,请登录

Dan Lewry的更多文章

  • Its no April Fool, know your responsability as a landlord

    Its no April Fool, know your responsability as a landlord

    The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force for all…

  • 8 days to the EICR deadline

    8 days to the EICR deadline

    The regulations require landlords to have the electrical installations in their properties inspected and tested by a…

  • 3D Print a house?

    3D Print a house?

    I read an article about how different our homes could be in 50 years - one of the key changes will be how they're…

  • Green Homes grants

    Green Homes grants

    From 1 September 2020, a new scheme has been introduced to improve energy efficiency for landlords and homeowners. The…

    1 条评论
  • Rainy day property viewings

    Rainy day property viewings

    I've been asked by a number of fellow investors and property friends about what to look for on initial viewings, so I'm…

    2 条评论
  • IT'S HALF YEAR ALREADY !

    IT'S HALF YEAR ALREADY !

    It's July 1st today, and we are half way through the year already. Did you set challenging goals for this year back…

    2 条评论
  • Got your rentals Electrical Certificate yet?

    Got your rentals Electrical Certificate yet?

    The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 come into force on July 1. The…

  • The World keeps turning, but things keep changing. Are you prepared?

    The World keeps turning, but things keep changing. Are you prepared?

    I've spent most of lockdown continuing to get educated and reading articles and books. One I'm reading at the moment is…

  • Coach or Mentor ?

    Coach or Mentor ?

    Everyone needs a helping hand on their journey, but do you need a coach or a mentor? What skills should they have, and…

  • Coach or Mentor?

    Coach or Mentor?

    Everyone needs a helping hand on their journey, but do you need a coach or a mentor? What skills should they have, and…

社区洞察

其他会员也浏览了