Stamp Duty - Are You Aware of the New Changes?

Sep 27, 2022

The Government have made the announcement the threshold for nil stamp duty is now £250,000 from £125,000 for people purchasing main residences the higher rate will still apply for second/multiple homes no change there.

The first time buyer threshold has been increased to £425,000 before paying tax and they can now purchase a property up to £625,000 anything over they pay full stamp duty.

Click the link below to see the full details on the Government website.

Government website

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Garratts Solicitors, King Street Buildings, Manchester Street, Oldham, OL8 1DH.
Offices at: Oldham, Ashton under Lyne, Stalybridge, Radcliffe, Worsley and Newton Heath

Garratts Solicitors are members of The Law Society. The firm is accredited in Personal Injury, Family Law, the Mental Health Review Tribunal and Criminal Litigation. The firm is authorised and regulated by the Solicitors Regulation Authority (Oldham SRA No 50315, Ashton under Lyne SRA No 50316, Stalybridge SRA No 50317, Radcliffe SRA No 50318, Worsley SRA No 370855, Newton Heath SRA No 51001 ) and is subject to its Code of Conduct which can be viewed at: www.sra.org.uk Our VAT number is 306786049.

Fees, where applicable, are charged at the current VAT rate of 20%.

Stamp Duty - Are You Aware of the New Changes?

Stamp Duty - Are You Aware of the New Changes?

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