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Tag: property investment

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Understanding the Impact of the Increased SDLT Supplement

The Shift in Property Investment Landscape Despite a shortage in rental accommodations, investing in residential property has become less attractive. In the Autumn Budget, the Chancellor announced an increase in the cost of purchasing additional residential properties by raising the Stamp Duty Land Tax (SDLT) supplement by two percentage points, from 3% to 5%, effective

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Considering Selling Your Investment Property?

Current Capital Gains Tax Rates One of the more positive aspects of the Autumn 2024 Budget is that the Chancellor decided not to increase the capital gains tax (CGT) rates on residential property gains. Instead, she aligned the standard rates with the residential rates. From 6 April 2024, the top CGT rate for residential property

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