According to a recent report in the Daily Telegraph, the 3% Stamp Duty Land Tax surcharge which is now levied on second homes has generated an extra £2billion a year.  The surcharge was introduced in April 2016 and, of course, affects a lot of purchases in a holiday area like… Read More

You may have read about the effects on the housing market of the Government’s recent decision to charge an extra 3% Stamp Duty Land Tax to the buyers of second homes.  We now have a few statistics to back that up which you might find interesting.  In March 2016, property… Read More

The changes to Stamp Duty Land Tax which came into effect on 1st April 2016 were of enormous significance for our property team and, it is fair to say, for most other firms of solicitors across England and Wales dealing with conveyancing.  The volume of transactions completed in the last… Read More

During the year 2013/2014 the Government raised a total of £6.5bn from residential Stamp Duty Land Tax. This figure is 31% higher year on year, according to HMRC. The only year in which more was raised was 2007/2008. According to the Financial Times, the rise in SDLT receipts is partly… Read More