London Homeowners in Frenzy to Sell Before New Stamp Duty Hike

London Homeowners in Frenzy to Sell Before New Stamp Duty Hike
8 days ago

In a dramatic turn of events for the London real estate market, homeowners are scrambling to sell their properties ahead of an impending increase in stamp duty. The anticipated rise, which is slated to take effect next year, is spurring a wave of activity as sellers aim to finalize transactions before the tax burden becomes heavier.

Continue reading
UK Government Implements New Tax on Second Home Purchases, Phases Out Stamp Duty Relief

UK Government Implements New Tax on Second Home Purchases, Phases Out Stamp Duty Relief
2 months ago

In a major shift aimed at addressing the ongoing housing crisis, the UK government has announced a new tax for individuals purchasing second homes. This decision marks a significant change in the landscape of property investment, particularly impacting those who own or are considering acquiring additional residential properties.

Continue reading
ABRDN Proposes Compromise on UK Stamp Duty Ahead of Budget Announcement

ABRDN Proposes Compromise on UK Stamp Duty Ahead of Budget Announcement
2 months ago

In a noteworthy development leading up to the upcoming UK budget announcement, ABRDN, a prominent investment firm, has proposed a potential compromise on the contentious issue of stamp duty. This proposal comes amid ongoing discussions about how to alleviate housing affordability challenges while generating necessary revenue for the government.

Continue reading