This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Investors Welcome Stamp Duties Changes

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United Kingdom  George Osborne  Stamp Duty  British Property Federation  Ian Fletcher  Land Tax 

Investors Welcome Stamp Duties Changes

By - Friday 25 March 2011

Reforms to Stamp Duty Land Tax rules, as announced in yesterday's (March 23rd) budget, have been welcomed by UK's property investment bodies.

Under new terms announced by chancellor George Osborne, the rate of Stamp Duty land Tax on purchases of multiple residential properties will be determined by the mean value of the dwellings purchased, subject to a minimum rate of one per cent.

Currently, the tax is paid as an aggregate value of the multiple dwellings.

The British Property Federation immediately welcomed the move, which follows a long campaign by the organisation for chances to be made.

"It will provide an important boost for the private rented sector and we hope will tip the balance in encouraging institutional funds into building homes. Using the average price is fairer and a welcome measure of support for those in need of rented housing," Ian Fletcher, director of policy at the BPF, said.

Elsewhere, West End specialist estate agency LDG said that changes in planning regulations will increase stock levels for residential housing.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus