Further to recent Government advice we feel it appropriate to close our offices and move our teams to working from home during these difficult times. We will therefore be working remotely to continue helping our clients and customers and will take all possible steps to ensure service levels remain high during these rather challenging times.
Please call the normal office telephone lines as your calls will continue to be answered and forwarded to the appropriate member of staff..
We appreciate how difficult and uncertain this period will be for everyone but we would like to reassure you that during it we will do all we can to help.
Thank you for your understanding. Stay safe and well.
Please complete the form below and we'll contact you about your appraisal.
The chancellor has announced a long awaited reform to the way that property buyers pay Stamp Duty. The net effect of the new system that comes into force for transactions that exchange after midnight on the 3rd December 2014 will a saving for those purchasing between £250,000 and £925,000 and an increase for those transactions above.
The bands have been replaced with a tiered system as follows:
Purchase price of property (£) New rates paid on the part of the property price within each tax band
0 - 125,000 0%
125,001 - 250,000 2%
250,001 - 925,000 5%
925,001 - 1,500,000 10%
1,500,001 and over 12%
The effect of this is that a purchase price of £260,000 would have paid 3% on the whole at £7,800. Under the new system that comes into force from 4th December the tax payable would be 0% on the first £125,000, 2% on the next £125,000 (£2,500) and 5% (£500) on the final £10,000 a total of £3,000.
On a purchase price of £550,000 0% on the first £125,000, 2% on the next £125,000 (£2,500) and 5% the remaining £300,000 (£1500) a total of £17,500 as opposed to £22,000.
On a purchase price of £1,000,000 0% on the first £125,000, 2% on the next £125,000 (£2,500) and 5% on £675,000 (£33,750) and 10% on the remaining £75,000 (£7,500) a total of £43,750 as opposed to £40,000.