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budget stamp duty

Our budget views in blue: Stamp Duty Land tax

22nd March 2012

With immediate effect SDLT rate of 7% will apply to residential property at over £2m A penalty rate  of 15% will apply to residential property purchased by a “non-natural” person (e.g.  company) after this limit. This is (one could argue) a fluffy version of the proposed the “mansion tax”. The overseas company loophole on stamp duty has been closed.