We have a lots of very happy buyers today. After todays announcement by Chancellor George Osborne after he reveals stamp duty reforms.

Balancing a composition involves arranging both positive elements and negative space in such a way that no one area of the design overpowers other areas. Everything works together and fits together in a seamless whole. The individual parts contribute to their sum but don’t try to become the sum. An unbalanced composition can lead to tension. When a design is unbalanced, the individual elements dominate the whole and the composition becomes less than the sum of its parts. In some projects, unbalanced might be right for the message you’re trying to communicate, but generally you want balanced compositions.

George Osborne has set out changes

to stamp duty which he says will benefit 98% of homebuyers, as he delivered his Autumn Statement to the Commons.

The chancellor said the current system, where the amount owed jumps at each threshold level, would be replaced by a graduated rate, similar to income tax. The change comes in at midnight tonight (4.12.14)

New changes confirmed on the government website today.

SDLT rates from 4 December 2014

SDLT is charged at different rates depending on the portion of the purchase price that falls into each rate band.

Before 4 December 2014, SDLTwas charged as a single percentage of the property price.

Where contracts have been exchanged on or before 3 December 2014, and the transaction is completed on 4 December or later, you can choose whether you follow the new or the old rules.

STAMP DUTY CHANGES:

No tax on the first  £125,000 paid2% on the portion up to £250,0005% on the portion up to £925,000

10%  on the portion up to £1.5 million

12% on everything above that.

REMEMBER YOUR PAYING THE PORTION IN BETWEEN BRACKETS

If you have any questions please contact us.