A new property tax for people buying property in parts of the UK who are not resident is being considered as part of the Government’s effort to help control the rise of house prices, it has been announced.
Hundreds of thousands of first time buyers have benefitted from stamp duty relief but overall the amount of money raised by the property tax in the UK, excluding Scotland, has fallen, official figures show.
Three quarters of first time buyers in England have benefited from the changes to stamp duty thresholds for first home purchases introduced a year ago, according to new research.
Property sales in England, Wales and Northern Ireland have fell by 4% in the third quarter of 2018 compared with the same quarter in 2017 and are down 8.7% compared with three years ago.
More than 180,500 first time buyers in Britain have saved a total of £426 million through the stamp duty relief programme introduced a year ago, official figures show.
Third-quarter fall follows years of rising receipts, with thresholds and Brexit blamed
A consumer group which has already expressed alarm at some aspects of the so-called ‘Modern Method of Auction’ says it has checked with HMRC about stamp duty liability falling on individuals who buy a home this way.
As buyers rush to beat the new stamp duty rates, property prices in Monmouthshire leap 11.3% in a year
Some 43 per cent of all stamp duty comes from buy to let investors and holiday home purchasers - and almost half of that is accounted for by the three per cent stamp duty surcharge on additional homes, introduced two years ago.
The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say.
New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month's Budget.
The new stamp duty threshold doesn’t look so good outside London and as for the £44bn worth of measures? That’s actually £15bn ... spread over five years
The boss of housebuilder Crest Nicholson has called for a stamp duty holiday in next week’s Budget to shore up sentiment in the market.
Leaked advice shows how private equity firm was able to buy and sell without paying stamp duty or capital gains tax
Daily Mail columnist Stephen Glover thinks the prime minister should put new taxes on the empty homes that are owned by super-rich investors.
Speculation that the Government could slash stamp duty for first-time buyers to help them gain a foothold on the property ladder helped struggling estate agencies Foxtons and Countrywide pull out of their recent share price spirals.
Stamp duty in England may be changed to encourage people to make their homes more energy efficient.
Energy minister Claire Perry told the BBC householders would face "carrots and sticks" to prompt them into saving on heating bills and carbon emissions.
Soaring stamp duty has pushed developers out of the centre of the capital as planning applications have slumped, new research showed on Tuesday.
The proportion of foreign landlords owning property in the UK has fallen to a new low, according to the country's largest letting agent.
Countrywide - which lets 90,000 properties - said just 5% of British homes now have overseas owners, compared with 12% in 2010.
With an estimated two million Britons owning more than one property, the issue of parents giving homes to offspring is a common one.
In some cases it's to help younger children move out of the family home in early adulthood.
Taxes and limits on lending to landlords are squeezing the buy-to-let end of the housing market hard, as banks and building societies predict a sharp fall in lending.
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