Hi all,
We are hoping to purchase a house and have just agreed a price with the vendors. We are very eager to move in as soon as possible for many reasons but the impending budget and all talk of potentialy reduced Stamp Duty puts us in a dilemma.
1) Is the Budget most likely to be on the first week of December?
2) I heard that you have up to a month to pay SD before paying penalties. If the house purchase is finalised in November and the SD rates change in December, is the amount due based off the date that the contracts were signed?
Is there anything we can do get in as soon as possible and yet pay the stamp duty rates announced at the budget. I am also very aware that there may be no change to the rates.
Thanks.
We are hoping to purchase a house and have just agreed a price with the vendors. We are very eager to move in as soon as possible for many reasons but the impending budget and all talk of potentialy reduced Stamp Duty puts us in a dilemma.
1) Is the Budget most likely to be on the first week of December?
2) I heard that you have up to a month to pay SD before paying penalties. If the house purchase is finalised in November and the SD rates change in December, is the amount due based off the date that the contracts were signed?
Is there anything we can do get in as soon as possible and yet pay the stamp duty rates announced at the budget. I am also very aware that there may be no change to the rates.
Thanks.