The Government has extended the three year period in which you need to sell your previous home after buying a new one in order to claim a refund for the stamp duty surcharged on second home owners. This surcharge is the extra 3% owners of more than one property have to pay and has bee brought in in recognition of … [Read more...]
Why People Are No Longer Downsizing
For many, moving to a smaller home does not make financial sense... It is a property truth, universally acknowledge, that people don't downsize because of stamp duty and a lack of suitable homes. There is another more compelling reason why people aren't moving from larger to smaller homes in the present market, … [Read more...]
The Little-Known Loophole to Save on Stamp Duty & Land Transaction Tax
Whether you are considering buying in England but shudder at the thought of paying all the Stamp Duty on your new home, or in Wales and baulk at the amount of Land Transaction Tax that will be due on your new property, a little known loop-hole may be able to save you a considerable amount of money. Tax payable on … [Read more...]
Project New Look: The Latest Home Makeover Trends
Pod extensions, party barns, modular lofts — the language of the domestic makeover is changing as families who would like to move, but are being held back by stamp duty bills or the slowing property market, stay put for another year and try to make the most of the space they have. The shortlist for the annual Don’t … [Read more...]
A Budget to End Austerity?
Prime Minister Theresa May has said austerity is ending, now Chancellor Philip Hammond is expected to deliver it in the autumn Budget. Relief from Brexit blues Many UK businesses are already going through tough times battling Brexit uncertainty and a shaky economy. But they are hoping that Monday’s Budget will … [Read more...]
Welsh House Prices Defy the Downturn with Pembrokeshire Leading the Way
Welsh house prices grew by 3.3% in 2017 - a slightly faster rate than the UK as a whole, latest figures have suggested. However, this does not reflect the true picture as local markets within Wales vary considerably. Pembrokeshire saw the highest rise at 8.1% whilst, in contrast, prices in Wrexham went down 2.1%. In … [Read more...]
The Autumn Statement – Property Industry’s Wish List for Phillip Hammond
The Property Industry Experts' advice to the Chancellor for the Autumn Statement: Carol Peett (left) of West Wales Property Finders hit out at the current stamp duty system for being “completely ill thought out”, a view shared by many, including Richard Bernstone, director at Aston Chase, who would like to see … [Read more...]
Granny Annexe Tax Repealed
Homeowners have expressed relief after the extra 3% stamp duty surcharge set to be charged on granny annexes was withdrawn by the Government. With living as an extended family becoming increasingly popular as a means of looking after elderly parents or for grandparents to help with childcare, and with boomerang … [Read more...]
