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Thursday, February 11, 2016

RLA warning on stamp duty schemes

The Residential Landlords Association policy director David Smith is warning against firms promising landlords they can help them avoid paying the 3% stamp duty surcharge on second properties. 

“Landlords should be very careful about making plans for their property purchases until after the budget. Any property purchases must be completed before April 1 if the buyers want to avoid paying the new levels of Stamp Duty Land Tax. The Treasury has made it abundantly clear that anyone offering schemes to get around the changes is talking nonsense”

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