HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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STAMP DUTY HOLIDAY FOR PROPERTIES COSTING UP TO £500,000 AND COMPLETED BEFORE APRIL, 2021 IN ENGLAND
The government has temporarily increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland. First-time buyers will not be taxed if the property is costing £500,000 or less and the legal transaction is being completed before April 2021, more expensive properties will only be taxed on their value above that amount.
Rising demand and a lack of new homes coming to the market for sale will keep an upward pressure on house prices in the near term, especially in the more affordable parts of the UK. Liverpool city has annual growth running at a 15-year high.
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New research finds up to a third of young people in Britain will now rent for their entire lives, underlining the need for more investment in key UK city markets.
Agreement is 'within sight' as talks stretch into the night – but France and Germany warn Boris Johnson they would still need MONTHS to iron out legal details.
Brexit 'faces being delayed until January even if a deal is agreed'.