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Home > News > UK Budget – Stamp Duty Changes

UK Budget – Stamp Duty Changes

Thursday, March 19, 2020

Good news for overseas investors wanting to buy into London real estate. The Chancellor announced in his budget that there is no immediate change to stamp duty.

Rumours abounded pre-budget that overseas investors would be list with a 3% stamp duty surcharge in this budget.

What actually was reported is a 2% surcharge only effective from April 2021 for non-residents. This means a minimum of one year’s grace and the possibility that this may not happen at all.

London is now the single best capital city to invest in residential real estate when it comes to tax and cost. The cost of buying residential property, holding it and then selling it remains incredibly inexpensive.

This news will now fuel the emerging boom in the London real estate market.

Buying, holding and selling a $2 million property graph

“Twin boost of positive budget and interest rate cut for London property investors”:

Refer to full article on UK stamp duty change and interest rate drop @ www.gihlondon.com

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