New stamp duty rates announced for residential properties in the UK

[Nicholas Wallwork]

New stamp duty rates take effect in the UK from today with properties over £2 million subject to rates of 7% and 15%, depending on who is buying them. All properties worth £2 million or over will now be subject to the 7% tax rate but those being bought via a company, a tactic used [...]

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[bmar71n]

i think it will have little affect in prime central london, but outside of london i feel it will create an artificial ceiling price and will be unfortunate for people outside london with homes previously worth slightly more than £2m