Property Tax

Failure to address stamp duty in UK housing market is stifling activity, it is claimed

After the hope generated by the Government’s recent housing white paper that it is serious about sorting the crisis hit housing market, it may have delivered counterproductive blow by failing to address the issue of stamp duty. There was hope in the housing industry that Chancellor Philip Hammond would take on board concerns that the […] The post Failure to address stamp duty in UK housing market is stifling activity, it is claimed appeared first on PropertyWire . Continue reading

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Buy to let sector disappointed by UK Chancellor’s failure to address their concerns

There was disappointment for buy to let landlords in the UK when Chancellor Philip Hammond did nothing for the lettings sector when delivering his Spring Budget. It had been hoped that he might re-visit the extra 3% in stamp duty imposed by his predecessor last year on additional homes and that he might also reconsider […] The post Buy to let sector disappointed by UK Chancellor’s failure to address their concerns appeared first on PropertyWire . Continue reading

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Call for UK stamp duty to be changed in upcoming Budget

Stamp duty is prohibiting first time buyers in the UK and should be altered in the Budget later this month, preferably to make sellers pay the tax rather than buyers, a new report suggests. According to the Yorkshire Building Society report the latest figures show that in 2016 just 26% of first time buyers bought […] The post Call for UK stamp duty to be changed in upcoming Budget appeared first on PropertyWire . Continue reading

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