Increase in the rate of Stamp Duty Land Tax for purchases of additional dwellings

Pauline Hudd

Increase in Stamp Duty Land Tax for the purchase of second properties

Increase in the rate of Stamp Duty Land Tax for purchases of additional dwellings

Today the Chancellor Rachel Reeves announced an immediate change in the rate of Stamp Duty Land Tax (“SDLT”) on the purchase of additional residential properties. These measures will take effect for all transactions entered into on or after 31 October 2024. When does the higher rate apply? When an individual purchases an additional residential property …

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