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Delete my ProfileCancelPosted on Saturday 16th January 2021
From today (8th July) until 31st March 2021, the treasury will lift the threshold at which point people would have to pay tax on purchase from £125,000 to £500,000. Accordingly, there will now be no stamp duty payable on house purchases up to £500,000.
On a house purchase at £500,000 it would save buyers £15,000, making it a very attractive incentive for buyers.
There was no tax on houses worth up to £125,000, anything between that and £250,000 paid 2 per cent of the value of the property.
Purchasers paid 5 per cent on properties between £250,001 and £925,000 and 10 per cent on houses worth £925,001 and £1.5m.
For more information or for advice, please contact our offices:
South Belfast Office
Holywood Office
East Belfast Office
Newtownards Office
Posted on Wednesday 6th January 2021
Posted on Tuesday 1st December 2020
Northern Ireland’s property market sees +150% increase in the number of overseas buyers since June
Posted on Tuesday 24th November 2020
One of Northern Ireland’s premier home builders, Porter&Co, has commenced construction on the £22.5m development Governors Gate Demesne in Hillsborough, which includes 70 new homes and a major £60m development in Lisburn – Charlestown Hall – extending to 250 homes over a 6 year period.
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Stamp Duty for this property will be: {: stampDuty()|currency :} / {: stampDuty(true)|currency :}*
*Higher amount applies when purchasing as buy to let or as an additional property.
Stamp Duty Land Tax information is provided for guidance purposes only. Please check the UK Government website for further details: www.gov.uk
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The finest new homes from leading house builders across Northern Ireland
The finest new homes from leading house builders across Northern Ireland