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Tag: STAMP DUTY LAND TAX
STAMP DUTY LAND TAX
Stamp duty land tax rules for second homes
Stamp Duty Land Tax (SDLT) rules in the UK for second homes are more stringent compared to those for primary residences. The government introduced an additional surcharge to deter individuals from purchasing multiple properties, aiming to make housing more affordable for first-time buyers and to address the housing shortage. Here is a detailed explanation of… Read more
Understanding stamp duty land tax (SDLT) in the UK: Current rates and key information
What is Stamp Duty Land Tax (SDLT)? Stamp Duty Land Tax (SDLT) is a tax levied on the purchase of property or land in England and Northern Ireland. It is applicable to both residential and non-residential property transactions and must be paid by the buyer. The tax is calculated based on the purchase price of… Read more
What is labour’s housing policy for the upcoming election?
The Labour Party’s housing policy for the upcoming UK election includes a comprehensive plan aimed at tackling the housing crisis and ensuring access to affordable and secure housing for all. Key elements of their policy include: Labour’s housing policy focuses on increasing the supply of affordable housing, protecting renters, supporting first-time buyers, and ensuring that… Read more
How many first-time buyers will benefit from a permanent freeze to stamp duty?
The Liberal Democrats’ policy to permanently freeze stamp duty for first-time buyers is aimed at making homeownership more accessible for this group by reducing upfront costs. While the exact number of first-time buyers who would benefit from this policy is not specified in the party’s literature, we can estimate the impact based on recent housing… Read more