{"id":2779,"date":"2015-12-03T00:00:00","date_gmt":"2015-12-03T00:00:00","guid":{"rendered":"http:\/\/hebblethwaites.wpengine.com\/index.php\/stamp-duty-land-tax-change-for-second-home-buyers\/"},"modified":"2015-12-03T00:00:00","modified_gmt":"2015-12-03T00:00:00","slug":"stamp-duty-land-tax-change-for-second-home-buyers","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/stamp-duty-land-tax-change-for-second-home-buyers\/","title":{"rendered":"Stamp duty land tax change for second home buyers"},"content":{"rendered":"<p>\n\tIndividuals, who are considering the purchase of a second home, or a buy-to-let property, would be advised to complete their purchase before 1 April 2016. From this date new rates of stamp duty land tax (SDLT) will apply.<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\t&nbsp;<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\tIn his autumn statement, George Osborne announced the following change:<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\t&nbsp;<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\t&ldquo;Higher rates of Stamp Duty Land Tax (SDLT) will be charged on purchases of additional residential properties, such as buy to let properties and second homes, with effect from 1 April 2016. The higher rates will be 3 percentage points above the current SDLT rates. The government will use some of the additional tax collected to provide &pound;60 million for communities in England where the impact of second homes is particularly acute.&nbsp;The tax receipts will help towards doubling the affordable housing budget. This will help first time buyers.&rdquo;<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\t&nbsp;<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\tFurther clarification from the Treasury seems to indicate that these changes will include a new 3% band of SDLT on property purchased in excess of &pound;40,000 up to &pound;125,000. <\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\t&nbsp;<\/p>\n<p style=\"margin: 0cm 0cm 0pt\">\n\tThe higher rates will not apply to purchases of caravans, mobile homes or houseboats, or to corporates or funds making significant investments in residential property given the role of this investment in supporting the government&rsquo;s housing agenda.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>Individuals, who are considering the purchase of a second home, or a buy-to-let property, would be advised to complete their purchase before 1 April 2016. From this date new rates of stamp duty land tax (SDLT) will apply. &nbsp; In his autumn statement, George Osborne announced the following change: &nbsp; &ldquo;Higher rates of Stamp Duty [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2779","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2779"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2779\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}