Housing: Budget 2018 in Brief from HM Treasury

Housing: Budget 2018 in Brief from HM Treasury The Budget sets out the steps being taken to keep the government on track for housing supply to reach 300,000 a year. Further steps announced at the Budget include: A new Help to Buy Equity Loan scheme that will run from April 2021 for 2 years. •…

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Wales draft budget includes proposals for average first-time buyer to pay no stamp duty

This week Finance Secretary Mark Drakeford  unveiled a new budget for Wales, reflecting the Welsh Government’s new tax and borrowing powers. In the draft budget the Finance Secretary  announces new progressive rates and bands for land transaction tax (LTT) and landfill disposals tax (LDT), which will replace stamp duty land tax and landfill tax, respectively…

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Stamp duty changes apply from today

The new rate of stamp duty on buy-to-let property and second homes comes into force today 1st April. There are exemptions however to this change in property tax, buying a property for less than £40,000, caravan or houseboat will not be included. Home movers who buy their next property before selling the one they are…

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