Deadline for temporary cut to Land Transaction Tax approaching
The deadline is near for the temporary cut to Land Transaction Tax. Completion on your purchase must take place by the end of March to cash in on this reduction.
You could be better off by a whopping £2,450 if you complete on your property by 31st March 2021. Just think, that saving could mean upgrading your kitchen or bathroom or maybe go towards taking that fabulous long awaited holiday!
The current charges are:
£0 for purchases up to £250,000
5% for purchases between £250,000 – £400,000
7.5% for purchases between £400,001- £750,000
10% for purchases between £750,001- £1,500,000
And 12% over £1,500,000
Here at Capsel we have a range of homes both old and new that could be ready before this date. Our dedicated Sales team will support you throughout the purchase of your new home to enable you to reach the required deadline.