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Budget 2017: First Time Buyers Stamp Duty Changes Live on Hoowla

The headline point in today’s budget was the announcement that stamp duty will be abolished from today for first-time buyers purchasing properties costing up to £300,000. First time buyers purchasing a house worth up to £500,000 will not have to pay stamp duty on the first £300,000, which HM Treasury estimates will take 80% of first-time buyers out of stamp duty altogether.

November 22nd, 2017 | Comments Off on Budget 2017: First Time Buyers Stamp Duty Changes Live on Hoowla

Solicitor who tried to avoid paying stamp duty on firm office purchase struck off

A solicitor has been struck off after he bought his home and his firm’s office for £1.3m but dishonestly declared he had paid only £265,000 altogether, in order to avoid paying over £50,000 in stamp duty land tax. He also attempted to dissuade the HMRC from making fines it issued to him public so as not to alert the SRA.

August 14th, 2017 | No Comments »

Two more firms fined for SDLT avoidance schemes involvement

The Solicitors Regulation Authority has fined two more law firms for advising on conveyancing transactions in which clients were party to schemes to avoid the payment of almost £8m in stamp duty land tax – for which the firms received £160,000 between them on top of their regular fees.

May 20th, 2016 | No Comments »