Should I complete a BTL property before or after the budget?

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    Should I complete a BTL property before or after the budget?


    i am close to completion on a BTL property and will therefore be liable for the 3% surcharge. However I am considering delaying completion untill after next week's budget in the hope that there may be some changes to the surcharge and I could possibly pay less stamp duty.

    what is everyone's thoughts? I know it's a little like asking to look into a crystal ball but I was wondering if anyone knew or had heard rumours of any imminent changes to the 3% surcharge?



    I believe it's the date you exchange contracts that is the relevant one, isn't it?


      Depends on what is in the budget. Could you kindly let us know, please?
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...


        I personally cannot see the C of the E making any concessions on SDLT for 2nd plus properties , given the parlous state of the economy why stop or reduce the flow of higher than predicted amounts of money from this additional stamp duty.

        i may be wrong but on this occasion I doubt it.


          Originally posted by JK0 View Post
          I believe it's the date you exchange contracts that is the relevant one, isn't it?
          Yes you are right, I should add that I haven't exchanged on the property as yet.

          my very wishful thinking is in light of comments made by Sajid Javid last month hinting at incentives for landlords who offer 12 months tenancies. Now I know this does not indicate a change in the SDLT surcharge however maybe the recent assault on landlords may be residing slightly.


            If there's no time pressure it's your choice.

            The budget could introduce the change you hope for, or it could make things worse.
            And any changes may require legislation or may take a while to kick in.

            But I can see the temptation.
            I might wait simply because I may choose not to go ahead at all if there are changes that make letting less appealing.
            When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
            Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).


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