Stamp Duty

News at Goundrys | 08/04/2016

The mad rush to beat the April 1st deadline for the increase in stamp duty saw a rush for buyer of second or additional properties to complete their purchases befor the april 1st deadline.

After this date anyone buying a second or additional property will find their new acquisition is subject to an additional stamp duty levy of 3% of the purchase price over and above the normal stamp duty level.

It remains to be seen if this will have any long term effect on how the property market operates in the coming months and years.