Do I still pay stamp duty?

Do I still pay stamp duty?

9:39 AM, 28th September 2022, About A year ago 4

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Hi, I’m just at the tail end of purchasing another property to add to my portfolio. The price of the property is £140,000.

With the changes made by the government last week in the mini budget will I still pay stamp duty?

At this moment in time, my solicitor cannot advise on this as the HMRC portal has not been updated.

Thanks,

David


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Comments

Demelza Martin

9:57 AM, 28th September 2022, About A year ago

From what I read second homes attract Stamp Duty.

Puzzler

10:20 AM, 28th September 2022, About A year ago

There are 2 components to stamp duty - the underlying rate which I think would now not attract stamp duty and the uplift for 2nd homes which would still be payable. It depends how far down the process you are, I am not 100% sure but I think if you have exchanged it will be due at the old rate

XPP

10:36 AM, 28th September 2022, About A year ago

Reply to the comment left by Demelza Martin at 28/09/2022 - 09:57
Is it possible for you to provide the % of stamp duty surcharges calculation for a second property in a Ltd Co worth £475k after the mini budget changes please?

Joe Boxer

18:50 PM, 28th September 2022, About A year ago

Reply to the comment left by XPP at 28/09/2022 - 10:36
You should find the answer to your question here
https://www.stampdutycalculator.org.uk/

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