Tax clock ticking down for celebs who can’t sell homes

Tax clock ticking down for celebs who can’t sell homes

21:33 PM, 11th March 2011, About 13 years ago

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Time is running out for celebrities who are trying to sell their £1 million homes before the stamp duty curtain comes down at the end of the month.

From 6 April 2011 stamp duty on homes over £1 million is charged at 5%.

Even if the celebs decide to become buy-to-let landlords, if the annual rent is more than £125,000, stamp duty is still charged at 1%.

So who are the celebrities that look like missing the April deadline?

Jungle living’s not so welcoming

Kate Moss can’t find a buyer for her sprawling London mansion – even with a £1 million slashed off the asking price. The five-bedroom home is on the market for £7 million and has not received any offers.

Kate, 37, revamped the house after buying it for £8 million in 2007. She added a neon-lit party zone and a jungle-themed living room.

Stamp duty in April will come in at £350,000.

No one’s taken a shine to Take That Robbie’s place

Take That singer Robbie Williams has similar problems to Kate Moss in selling his £7.5 million mansion in the rolling Wiltshire countryside – not far from superstar Madonna’s country pad.

The property features seven bedrooms, a pool/leisure complex and gardens over a 71 acre estate. Even the term jet set is not too superlative for this house – it even has a hangar.

Robbie paid £8.5m for the Compton Bassett house in 2009 and has listed the estate at £7.5 million since July last year. Snoopers can find the place on property portal Zoopla.

Stamp duty in April – £375,000.

Tartan terror snookers buyers

The tartan snooker room may be something that’s putting off selective buyers looking at the exclusive home of BBC’s Dragon’s Den money man Peter Jones.

He has had to sweeten the deal to try and attract a buyer by cutting the asking price on his six-bedroom family home in Beaconsfield, Buckinghamshire, by £150,000 to £3,100,000.

Stamp duty in April – £155,000

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