20 Mar 2014 Back

2014 Budget

The budget has affected many here is our useful property summary of the 2014 budget:-

Anyone buying a home over £500,000 through a company will now pay 15% stamp duty. 

The tax on residential dwellings over £2 million is going to be expanded to properties above £500,000.

Business rate discounts will be continued for another three years.

The Government help to buy scheme will be extended for a decade which will take us to 2020.

An additional £140 million is being allocated to help towards areas hit buy flood damage.

The Right to Build Scheme is for builders of their own homes including £150 million of financial support.

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