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New Stamp Duty Rules Update

Started by bjk423, July 10, 2020, 02:30:25 PM

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bjk423


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

#1
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.