stamp duty

Stamp Duty Surcharge on Second Homes – Far Reaching Effects

Stamp Duty Surcharge on Second Homes – Far Reaching Effects

Pippa Oldfield, Financial Planning Analyst at Leeds-based Financial Planning firm Manse Capital, considers the wide impact of the forthcoming Stamp Duty surcharge.

The Autumn Statement 2015 saw the Treasury announce a 3% premium in Stamp Duty on all second residential and Buy to Let properties purchased for £40,000 or more, with effect 1 April 2016. The plan, which aims to raise £1bn by 2021 and to re-focus support...