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07.10.2011 - Property News

There is a new Stamp Duty and land tax rate of 5% for purchases of residential property where the consideration exceeds 1 million pounds. The new rate applies to purchases where the effective date (usually completion) is on or after 6 April 2011.

For further information contact Berni Longshaw berni@goodyburrett.co.uk

 


Did you know..?

The current Inheritance Tax Threshold is £325,000