Stamp Duty – Additional Properties

When purchasing a new home Stamp Duty may be payable. The amount due depends on the property value and type of buyer. Usually  you have to pay an additional 3% Stamp Duty on additional properties up to £500,000.

However from 8th July 2020 until 30th June 2021  you will only pay 3% Stamp Duty on additional properties purchased (up to £500,000 and until 30th September 2021 for purchases up to £250,000).

 

Fair-Way Properties is ready to help you find your next investment!

 

For more details on these discounts see:

https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

 

For more information on Stamp Duty see:

https://www.gov.uk/stamp-duty-land-tax