The government made a surprise annoucement in 2015’s Autumn Statement, proposing a 3% levy on additional properties. A short but impassioned consultation followed, yet the policy was confirmed in March’s Budget, and comes into effect on 1st April 2016.
The one-month consultation drew in 909 responses and resulted in a few changes to the original SDLT levy policy proposed in the Chancellor’s Autumn Statement:
- Autumn Statement date confirmed: 23rd November September 9, 2016
- Spring Budget date confirmed December 22, 2016
- Take n’ Stock: How falling transactions are impacting Treasury coffers November 22, 2016