Tag: Property

Stamp Duty Changes From 1st April 2016

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The Chancellor, George Osborne today announced the introduction of new higher rates of stamp duty on the purchase of additional residential properties with effect from 1st April 2016. The new rates will apply to purchases of additional residential properties with chargeable consideration of £40,000.00 or more and will apply a 3% surcharge to the existing rates. The following rates will apply: £0.00 – £125,000.00              3% £125,001.00 – £250,000.00  5% £250,001.00 –…

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