14th September 2019 It is John Price’s official last day in the office today. He is retiring at the end of September but is taking a well earned sailing holiday until then. Thank you John for your many years work and we wish you every happiness in your retirement.
With regard to Stamp Duty, a higher rate is payable when an additional residential property is purchased in England, Wales or Northern Ireland. The higher rates apply even if your other residential properties are outside any of these countries. HMRC state “You also need to pay the higher rates if you don’t own a residential property and buy at least 2 residential properties at the same time”. For more information visit: www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property A handy Stamp duty calculator can be found at: www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro First Time Buyer Stamp Duty Land Tax guidance can be found at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661728/8274_guidance_note_SDLT_relief_for_first_time_buyers.pdf