Working 9-5: Not enough hours in the day
Before I start I must stress that this blog is by no means ‘a moan’, just simply useful information (I hope). As I am sure you are aware residential conveyancers across the country are struggling to cope with the flood of purchases due to the stamp duty ‘holiday’. Many conveyancers, who are stressed and under…
Stamp Duty Land Tax – No Joke, Even On 1st April
As of today a new element of the SDLT charge applies to ‘overseas buyers’, in the form of an additional 2% per cent charge. There are detailed rules about residence to establish who has to pay, but for example someone who has been working overseas permanently or for substantial periods of time needs to beware. …
SDLT Notice
Conveyancing transactions have historically taken on average between 6 and 12 weeks. Due to the current position with regard to Covid and the Stamp Duty Land Tax changes the average timescale has increased to around 16 to 20 weeks. Although we will do all that we can to reach completion as soon as possible, unfortunately,…
Stamp Duty – Bye for now
The Chancellor has announced an immediate stamp duty “holiday” for homebuyers. SDLT will not be payable for property purchases up to the value of £500,000 with immediate effect to run until 31 March 2021. For all your conveyancing needs and support please contact us on 01795 533337 and speak to our conveyancing specialists.
Residential Property: Stamp Duty Land Tax – First Time Buyers’ Relief
Stamp Duty Land Tax (“SDLT”) is normally paid on any purchase of residential property valued over £125,000. If the new property being purchased is a second property, then SDLT is paid on the whole value at an enhanced rate. First Time Buyer’s Relief (“FTBR”) is available for buyers who satisfy four conditions for purchases completed…