click below
click below
Normal Size Small Size show me how
Tax
Stamp Taxes
| Question | Answer |
|---|---|
| what can purchase price include | based on consideration -- purchase price but may include goods, works or services, release and transfer of debt |
| first time buyers | if couple - both need to be first time buyers |
| investors | for second homes additional dwelling of 3% in england and 6% in scotland for every bracket. consideration < 40,000 - no tax filed |
| investors - if replacing house | if main house sold within 36th months of 2nd home may be entitled to rebates |
| limited companies | 15% cap on properties over £500,000 |