Stamp duty and the son of mansion tax [electronic resource]
Language: English Series: Knight Frank Residential Market Update ; April 2012Publication details: London Knight Frank 2012Subject(s): Online resources: Summary: UK house prices fell by 1% in March 2012 and are 0.9% down year on year. Prime central London prices rose by 1.1%. Following Budget 2012 announcement, stamp duty on properties worth £2 million or more has been lifted higher, to 7%. The stamp duty payable on purchases of residences in this price bracket by non-natural persons which include many of those buying a property through a company structure has tripled to 15%.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 156206-2001 |
UK house prices fell by 1% in March 2012 and are 0.9% down year on year. Prime central London prices rose by 1.1%. Following Budget 2012 announcement, stamp duty on properties worth £2 million or more has been lifted higher, to 7%. The stamp duty payable on purchases of residences in this price bracket by non-natural persons which include many of those buying a property through a company structure has tripled to 15%.