UK Stamp Duty Holiday for Hong Kong Investors

Someone buying a £500,000 property would save the maximum £15,000 in stamp duty fees.
Stamp Duty is paid as a lump sum and until the announcement was made it applied to anyone buying a second home over the value of £125,000 or anyone bu
The actual amount of Stamp Duty paid depends on the type of property, if it is leasehold or freehold.
So for a stamp duty bill for a £1m home, the owner will now have their stamp duty reduced from £43,750 down to £28,750.
With the average UK property costing around £237,616, a buyer would have to pay around £2,250 stamp duty on top of their purchase.
The Stamp Duty holiday means that new house buyers could save up to the maximum of £15,000 over the coming nine months.
Lifting the stamp duty will encourage more home buying transactions, meaning house buyers can better afford to move to areas with better employment.
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