UK Convey clears up Stamp Duty Exemption
UK Convey is updating their website regularly to keep people informed about Stamp Duty facts. Currently you are entitled to stamp duty exemption if the following conditions are met:
The property is valued at under £250,000
You are a first time buyer
A conveyancing Solicitor at UK Convey can clarify: "First time buyers must not have bought a freehold or lease hold property in the UK or anywhere else in the world. Also if you are buying a second home, intend to let the property or you are buying on behalf of someone else, you are not exempt.
An important fact is that when you are buying a house as a couple, you both should be first time buyers to benefit from the new Stamp Duty holiday. If either one of you had previously owned a house or inherited a property, you are not exempt.
Buying a house? Get a free quote from UK Convey for your conveyancing. We can tell you whether you qualify for Stamp Duty Land Tax exemption. You may qualify under different legislation depending on your postcode. Additionally your postcode affects the property searches that must be carried out before you can purchase. All fees,
including Stamp Duty fees, are explained in full in your free quote. UK Convey is the trading brand name of the conveyancing solicitors at Norman Saville & Co. Norman Saville & Co is a UK law firm situated in London. UK Convey can complete your conveyancing wherever you are in England and Wales.