Stamp Duty Rise Hits Sales

Research by Savills has found that the introduction of a 7% stamp duty rate for £2m-plus homes has hit sales of £2m-£5m homes in central London.

The research said that sales of homes valued at over £5m stayed steady. Savills said that sales of properties costing between £2m-£5m fell 20% in the second quarter of the year compared to the previous three months.

There was a further 25% fall between July and September compared with the previous quarter. The research found prime central London prices had been flat, rising only 1.2% in the half-year to October.

Source: The Sunday Times

We say: And when further changes come in next year as regards the annual charge and extension of CGT to non-natural offshore owners the effect is likely to be even greater.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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