The impacts of Stamp Duty changes are unclear
In yesterday's budget announcement, a change to the Stamp Duty payable on Shared Home Ownership properties was mentioned.
The change means that Shared Home Ownership properties will not have to pay any Stamp Duty (if the buyer owns less than 80% of the property).
This change is due to come into force in April, but at present there are no details or Treasury Guidance available to see what the meat of the change will be.
We're investigating and watching developments closely, as we want to know whether it will apply to Joint Equity purchases or not.
As soon as we've found out any more, we'll post the information here.
Tam
Joint Equity Blogger
The change means that Shared Home Ownership properties will not have to pay any Stamp Duty (if the buyer owns less than 80% of the property).
This change is due to come into force in April, but at present there are no details or Treasury Guidance available to see what the meat of the change will be.
We're investigating and watching developments closely, as we want to know whether it will apply to Joint Equity purchases or not.
As soon as we've found out any more, we'll post the information here.
Tam
Joint Equity Blogger
Labels: budget, shared home ownership, stamp duty
posted by Joint Equity Team @ 11:21 AM
2 Comments:
At 5:19 PM,
Gaz said…
Good info thanks I use FreeRoomShare for finding Flat House Share related stuff if anyones interested :-)
At 8:07 PM,
Anonymous said…
what a stupid f**king scheme for both investor and purchaser!!! 6% capital return on investment per year! Where do you get that... more like -6% every 3 months you muppets.
What a laugh!!!
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