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Guest Blog: Roland Robinsons and Fenton: Stamp Duty Changes
13/Jul/2016

Roland Robinsons and Fentons Solicitors are a local firm and have offices in the centre of Blackpool and Lytham.  We are a Law Society,Lexcel and CQS accredited Practice. This ensures that we are able to provide a recognised quality standard for residential conveyancing practices. 

We have a dedicated team of fully qualified Residential and Commercial Property experts, who will be happy to deal with any property matter for you including; sale and purchase of houses, flats, remortgages, transfers of property, commercial property sales and purchases and commercial business leases.

Our expert Conveyancing team work closely with the Matrimonial Department regarding transfers of property, which means that clients who are in the process of separating or obtaining a divorce, can rest assured that they are in good hands. Our Matrimonial Department are able to offer a high level of service, as it is accredited under the Law Society Family Law Advanced Scheme, Children Law and the Resolution Specialist Scheme. Legal Aid may also be available in certain circumstances. 

RRF Solicitors also have a dedicated Landlord and Tenant department who are happy to advise on all aspects of Landlord and Tenant work.We pride ourselves on offering a fast efficient, personal service at an affordable price.  Our team is friendly, approachable, professional and efficient.

We are able to provide you with updates regularly and communicate with you, either by telephone or email, whichever you prefer. 

Stamp Duty Reforms – What it means for you  ? 

Stamp Duty reforms were announced in December last year for residential properties in England and Wales, the aim was to boost the property market and in particular mid range properties. Stamp Duty is the tax you pay to the Inland Revenue when you purchase a property.

It is important to know from the outset how much it will cost you to purchase a property. If you are in any doubt as to whether you can afford the legal fees, including stamp duty land tax for the property you are buying, ask us for a full detailed breakdown of the costs involved in buying your property before proceeding. 

Stamp Duty is not payable on properties under the value of £125,000. Stamp duty was payable at a flat rate of 1% on properties between a value of £125,000 and £250,000. This old system referred to as the “slab system” was seen to be unfair. The new Stamp duty is then payable in different proportions. Full details can be found on the Inland Revenue Web site or by using the following link : http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

 


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