David_H Posted July 29, 2020 Share Posted July 29, 2020 I imagine the answer might depend on whether the plot is part of an existing property's land. Either way, does anyone know? Link to comment Share on other sites More sharing options...
Temp Posted July 29, 2020 Share Posted July 29, 2020 (edited) This suggests the holiday does apply.. https://www.express.co.uk/life-style/property/1308808/stamp-duty-holiday-does-stamp-duty-holiday-apply-to-second-home Quote The SDLT threshold before the announcement was £125,000 for residential properties, and £150,000 for non-residential land and properties. Since July 8, the Stamp Duty threshold has increased to £500,000. "Developers" and those purchasing a second home will still have to pay the 3% surcharge. Actually if you own a house you have to pay it and reclaim when you sell within 36 months. So I believe if you are buying the land to build your principle residence the holiday should apply. Err I think. Edited July 29, 2020 by Temp Link to comment Share on other sites More sharing options...
Temp Posted July 29, 2020 Share Posted July 29, 2020 (edited) Think that Express article is wrong. Here it says the holiday applies to residential property, no mention of non-res.. https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates Edited July 29, 2020 by Temp Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now