Stamp Duty Alert

You are probably already aware that the government plans to increase stamp duty rates for buy-to-let properties and second homes as of the 1st April 2016 (so time is quickly running out!).

At Purple Frog, we believe that this will impact both sellers and buyers and are committed to assisting investors minimise the increased costs by assisting on rapid property transactions before the deadline.

For example; Currently if you buy a Buy-to-let property for £275,000 you pay stamp duty of £3,750. Property transactions completing after April 2016 will incur an additional cost of £8,250 making the total bill £12,000.   If you would like to discuss this further, please don’t hesitate to contact me, I’ll be more than happy to chat.