Government goes for Growth- SDLT Threshold raised in England
The Chancellor of the Exchequer has announced today a bold range of measures, which the Government believes will stimulate economic growth in the UK. It will need some luck and the ongoing rise in interest and mortgage rates will be part of the dynamic.
The most relevant to the residential property market is the rise in the threshold at which Stamp Duty Land Tax becomes payable. As a result of the Chancellor’s statement this morning, SDLT now becomes payable on the purchase of the principal home at £250,000 and for first time buyers this threshold is now raised to £425,000.
The SDLT thresholds in respect of second homes remain unaffected by the government’s announcement today.
This change in the SDLT thresholds, is just one of a very significant number of changes to taxation that the Government is making in a determined attempt to stimulate growth, and arrest the slide into a prolonged recession. Coupled with other tax reductions, income tax at the basic level and for those in the highest brackets, and the volte face on National Insurance, the SDLT threshold rise should, in the short term at least, help to support the residential property market.
Indeed, experience suggests that any favourable SDLT measure tends to have an immediate impact on the area of the property market to which it applies. Plenty of buyers will be keen to take advantage of any relief they can get in these challenging financial times.
Snowdrops in the Cotswolds: A Winter Highlight at Painswick
As winter begins to loosen its grip on the Cotswolds, one of the most uplifting signs of the changing seasons quietly emerges, snowdrops. These delicate white flowers, often pushing through frost-hardened ground, bring a sense of hope and renewal, and nowhere is this more beautifully displayed than the snowdrops at Painswick Rococo Garden.
Snowdrops in the Cotswolds: A Winter Highlight at Painswick
Inheritance Tax and Agricultural Property Relief
This has been a hot topic since the surprise announcements in the Autumn budget of 2024 and has threatened to turn upside down tax planning for farmers and the affordability of succession. The short article below captures the key facts and implications which have been debated from farmhouse kitchen tables up to the Government in Westminster and at every level in between…
Inheritance Tax and Agricultural Property Relief
A Very Happy New Year
Happy New Year! We are all back and fully underway into 2026. It is early days, but properties are already going under offer across all our offices and exchanges are securing homes for excited new owners.
A Very Happy New Year
The New Year Reset: The Cotswolds’ Most Luxurious Spas
If the start of the year calls for rest, renewal and a little indulgence, the Cotswolds delivers in spades. Coupled with rural tranquillity, these havens of relaxation and award-winning spas, are the region’s most restorative places to switch off and reset.
The New Year Reset: The Cotswolds’ Most Luxurious Spas
