Both the Chancellor and the Government must be concerned about the massive harm that has been done in the decrease of tax revenues following many years of excessive Stamp Duty Land Tax income.
In the second of our 2 part series on Stamp Duty Land Tax (SDLT), we discuss the alternatives to it. There is no such thing as an ‘ideal’ tax—all taxes involve some element of compromise.
In his recent autumn statement, the Chancellor George Osborne announced that from April 2016 buyers of buy to let properties and second homes will have to pay an additional 3 per cent stamp duty.
In the last three weeks since the announcement we have experienced a surge in enquiries from private clients trying to secure and invest their money before the April deadline.
For those of you who have been left scratching your heads following the recent changes to the Stamp Duty and Land Tax (SDLT) bands we thought it would be helpful to prospective buyers to provide a SDLT calculator for easy maths!
All you need to do is enter the purchase price of your property and press Calculate and your SDLT will be revealed.