Stamp duty

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  • Gordon999
    replied
    As first time buyer , you can buy a property (under your own name for self occupation ) up to £300K and claim exemption for sdlt ( = Nil ) ..

    If you buy for BTL property ( under your name or company name ) then you should expect to pay sdlt + 3% ( if property price over £40K ).

    You can check this out by asking for a quotation from a local solicitor firm offering conveyancing service.

    Leave a comment:


  • alex1
    replied
    Short answer is yes, and you’ll have to pay an additional 3% over the standard residential rates because it’s buy-to-let.

    More information: https://www.which.co.uk/money/mortga...y-a26by5t8dmcb

    Leave a comment:


  • jpkeates
    replied
    Having decided to throw myself from an aeroplane, I am looking for people's thoughts on parachutes.

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  • BTL investor
    replied
    If you haven’t already looked in to basic information like that which is readily available through a quick google search then you should be asking yourself if you’re ready to turn buy to let in to a job.
    Expenses such as stamp duty and tax rates are the main factors that influence whether to set up a company to run the property business through so stamp duty should really have been looked in to before deciding to buy through a company.

    Leave a comment:


  • John18
    started a topic Stamp duty

    Stamp duty

    First-timer I am looking to purchase a buy to let property through a newly created business this will now be my job will I have to pay stamp duty on this any help would be appreciated

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