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New Stamp Duty Rules Update

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Author Topic: New Stamp Duty Rules Update  (Read 590 times)

bjk423

Newbie
Posts: 1

I like property
« on: July 10, 2020, 04:30:25 PM »

1. Please accept my apologies for the misleading post before.. can it be removed ?

2. Does the new rule apply to stamp duty on purchase of second properties or does the 3% tax still apply ?

Simon Pambin

Global Moderator
Hero Member
Posts: 529

I like poetry
« Reply #1 on: July 11, 2020, 01:32:05 PM »
The 3% second property surcharge still applies but so does the discount: https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

N.B. This applies when you're buying a second property. Stamp duty falls on the buyer, not the seller.
« Last Edit: July 11, 2020, 01:36:44 PM by Simon Pambin »
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