Property News · December 22, 2017

UK government taking two months to refund stamp duty


People who buy new main home before selling existing one hit by stamp duty change meant to curb buy-to-let landlordsThe government is taking more than two months to refund homebuyers stung by a stamp duty change brought in by George Osborne to curb buy-to-let landlords.A 3% surcharge has been payable by anyone purchasing an “additional” property such as a buy-to-let investment or holiday home since April 2016, but an unintended consequence is that those who buy a new main home before selling their existing one are also forced to pay upfront, with the proviso that they may claim a refund if they sell the former home within three years. Continue reading…

Source : theguardian.com
Read more…UK government taking two months to refund stamp duty

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