It’s come to light that a buyer in north London saved himself a handy £744,000 by pushing his £25m purchase through a few hours before the 3% stamp duty surcharge came into effect.[/private]
According to the Times, the 30-year-old son of a Chinese steel tycoon paid £24.8m for an unmod mansion in St John’s Wood. The deal completed on March 31st, meaning the SDLT bill would have been a painful £2,889,750, but not quite as painful as the £3,633,750 had the transaction completed a day later.
It’s claimed the same