You may remember last year the rules changed around Stamp Duty when the Chancellor brought in a new way of calculating the tax that you pay when you buy a property. These changes have certainly benefitted a lot more people; in fact, over 90% of those buying a home since will have paid less Stamp Duty now than they would have previously, which is great news.
The only thing is, because not many of us buy properties very often, Stamp Duty is, at best, a wee bit tricky to understand and the new rules mean it’s not as straightforward as it used to be to calculate how much you’ll pay. So, I’ve written a guide to the new rules, which hopefully will give you a better understanding of how Stamp Duty is now calculated and how it’s different to the old system.
A copy of my Stamp Duty Guide will be coming soon so check back.