The Autumn Budget 2024 introduces changes to Stamp Duty Land Tax (SDLT), including an increase in the surcharge for additional residential properties from 3% to 5%. This affects both individual buyers and companies. Additionally, SDLT for non-natural persons acquiring properties above £500,000 rises from 15% to 17%. These changes, were effective from 31 October 2024, aiming to address housing market pressures. Legal professionals and investors should be aware of these updates to stay compliant and plan effectively.
Read more:https://heyor.ca/ODxl52
#SDLT #AutumnBudget2024 #RealEstate #TaxChanges #PropertyLaw
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