
If you're thinking about buying property through a company, here's a critical update that might surprise you:
From 31 October 2024, companies purchasing residential properties over £500,000 face a 17% Stamp Duty Land Tax (SDLT) charge, up significantly from the previous rate of 15%. This applies on top of existing residential SDLT bands and reflects a growing policy push to tax property purchases by corporate entities more heavily.
That increase can dramatically shift financial planning:
Property investments need tougher cost projections.
Legal and financial advisers must counsel clients on new pricing thresholds.
Recruiters in property law and finance should anticipate rising demand for expertise in corporate property acquisitions, tax, and compliance.
It's a big moment for strategic hiring and for clients navigating post-Brexit property and investment landscapes.
Learn more about the new stamp duty rates for company purchases:
#StampDuty #PropertyTax #CorporateProperty #LegalRecruitment