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Stamp duty stampede

Following the Governments recent announcement to increase the Stamp Duty levy upon second homes, local solicitors have reported an unprecedented level of business running up to 31st March 2016 deadline in which purchasers needed to complete to avoid the increased charges. The increased levels of business have also been further exaggerated by the proximity to the financial year end (5th April 2016) with many sellers keen to complete sales before this date in order to take advantage of capital gains tax allowances.

15th April 2016 | Categories: Uncategorised