Henriques Griffiths LLP reposted this
Stamp duty is often a focal point in budget discussions, and this year’s announcements are no different. The Chancellor has announced that the government will increase the stamp duty land surcharge for second-homes, by 2% to 5% from tomorrow. Many buyers and investors will be impacted. Stamp duty is a critical factor in housing affordability and mobility, influencing everything from first-time buyers to seasoned investors. Propertymark will continue to monitor developments and provide updates where possible.