StampDuty

UK Mortgage Approvals Remain Stable Amid Anticipation of Stamp Duty Changes

3 months ago

In a recent report, it has been revealed that mortgage approvals in the United Kingdom have maintained a steady pace, despite looming changes in the real estate tax landscape. As the expiry of a favorable stamp duty tax break approaches, prospective homebuyers and mortgage lenders are navigating a complex housing market characterized by various economic pressures.

Homebuyers in the UK Face Penalties of Up to £11,250 for Missing Tax Deadline

3 months ago

In a significant update for homebuyers across the United Kingdom, new regulations will impose hefty fines for those who miss the payment deadline for the Stamp Duty Land Tax (SDLT). Starting in early 2025, buyers will face an additional charge of up to £11,250, depending on the value of their purchased property and the duration of the delay in filing.

London's Housing Market Gripped by Deadlock Ahead of Imminent Stamp Duty Increase

3 months ago

London is currently grappling with a significant slowdown in home sales, marking what experts are calling the worst logjam the UK housing market has faced. As the country braces for a sharp increase in stamp duty, potential buyers and sellers are growing increasingly guarded, contributing to a sluggish real estate environment.

London Homeowners in Frenzy to Sell Before New Stamp Duty Hike

5 months 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.

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

7 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.

ABRDN Proposes Compromise on UK Stamp Duty Ahead of Budget Announcement

7 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.