George Osborne announces property stamp duty changes

[Nicholas Wallwork]

Just a few days ago it seemed that George Osborne, the Chancellor of the Exchequer, was being backed into a corner with little room for manoeuvre. There were suggestions that a lack of additional income would effectively scupper his Autumn Statement today although just yesterday evening stories started to emerge of a change in stamp [...]

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[Residential Estates]

Considering this change means the majority of us who purchase property under £937,000 will now attract less tax, this is a positive change for the housing market, which should help entice people to start buying more UK property.

This is an inevitability anyway with the population rise demands, but for investors specifically the new staggered approach is more appealing.