Stamp Duty Reforms on Residential Property

The Government has announced today (3rd December 2014) stamp duty reforms on residential property.

  • Cottage

This is good news for purchasers of most residential property in the region.  For them, the cost of purchasing a house is falling.

Only those purchasers of residential property in excess of £937,500 will be paying more in future.  These reforms do not affect commercial property transactions.

To assist you, please download the HM Treasury's PDF explanation.