Government looks at changes to stamp duty for bulk buyers

The Government is looking at giving stamp duty concessions to investors of multiple property investment.

The aim is to encourage more institutional investment into the private residential sector.

The proposal involves a change to the way stamp duty would be calculated, charging stamp duty on each individual property instead of as a whole transaction. This could lead to investors of multiple apartments seeing their stamp duty bill been cut to just 25% of what it would of been, if individual properties sit within the £125k - £250k thresholds.

The Treasury also said that it would look at other ways to boost residential property investment through the use of real estate investment trusts (Reits), the tax-efficient investment vehicles that were set up in 2007 but which so far have invested mostly in commercial property.

Read more in the Times

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