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New Stamp Duty Rules Update
New Stamp Duty Rules Update
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Topic: New Stamp Duty Rules Update (Read 855 times)
bjk423
Newbie
Posts: 1
I like property
New Stamp Duty Rules Update
«
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: 594
I like poetry
Re: New Stamp Duty Rules Update
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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.
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Last Edit: July 11, 2020, 01:36:44 PM by Simon Pambin
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