Avoid Paying an Extra £2,500 in Stamp Duty!

Buying a Property in E18, East London in 2025? Avoid Paying an Extra £2,500 in Stamp Duty!

Buying a Property in E18, East London in 2025? Avoid Paying an Extra £2,500 in Stamp Duty!

Are you planning to buy a property in E18, East London in 2025? It's crucial to be aware of upcoming changes to Stamp Duty Land Tax (SDLT) that could impact your purchase. The temporary increase in SDLT thresholds expires on 31st March 2025, meaning completions after this date will face higher rates. This could mean an extra £2,500 or more on your E18 property purchase!

How the SDLT Changes Affect E18 Home Buyers

If you're buying in E18, South Woodford, or surrounding areas in East London, understanding these changes is vital. The expiration of the temporary SDLT relief means you'll pay more if you complete after March 31st, 2025. Here's a breakdown of the new rates for a single property for a UK resident replacing their main residence:

Second Homes in E18: Additional SDLT

Planning to buy a second property in E18, East London? Remember that an additional 5% SDLT will be charged on top of the standard rates shown above.

Act Now to Save on Your E18 Property Purchase!

For properties over £500,000 in E18, East London, completing your purchase before 1st April 2025 could save you £2,500 or more in stamp duty. Don't miss out on these potential savings!

Laderman & Co.: Your E18 Property Experts

Laderman & Co. can help you navigate these changes and ensure a smooth property purchase in E18. We can advise you on the best course of action to minimize your SDLT liability and complete your purchase efficiently. Contact us today for expert advice on buying property in E18, East London, and avoid paying more than you need to! Don't delay – the deadline is fast approaching! We specialise in property transactions in E18, South Woodford and the wider East London area.