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Yearly Archives:2016

Budget 2016: higher stamp duty rates confirmed

‘Significant investors’ will not be exempt from higher stamp duty land tax rates for additional properties, HM Treasury confirmed today.

The government first announced higher rates of stamp duty on the purchase of additional residential properties in last year’s autumn statement and spending review. The higher rates, which will be three percentage points above current SDLT rates, come into force from 1 April.

The government originally proposed an exemption for large-scale i Read More