{"id":5339,"date":"2024-11-21T17:01:04","date_gmt":"2024-11-21T17:01:04","guid":{"rendered":"https:\/\/oreillystewart.com\/?p=5339"},"modified":"2024-11-21T17:01:04","modified_gmt":"2024-11-21T17:01:04","slug":"stamp-duty-increase-for-additional-property-northern-ireland","status":"publish","type":"post","link":"https:\/\/oreillystewart.com\/stamp-duty-increase-for-additional-property-northern-ireland\/","title":{"rendered":"Budget 2024 &#8211; Stamp Duty Land Tax Increases for Additional Property Purchases"},"content":{"rendered":"<p>As everyone will now be aware Labour\u2019s 2024 Autumn Budget brought in a number of new tax considerations across the UK. For those who are purchasing an additional property, or those purchasing a property via a Company even if it is the first property that Company purchases the Stamp Duty Land Tax second home penalty has increased from a 3% surcharge to a 5% surcharge on property purchases over \u00a340,000.00.<\/p>\n<p>This tax increase applies to transactions with a completion date on or after 31 October 2024However, where a copy accepted contract was already in place prior to 31<sup>st<\/sup> October 2024, and completion has not yet occurred, the increased rate is not applicable and will remain at 3%.<\/p>\n<p>Should you have any queries regarding the increased Stamp Duty Land Tax, our Conveyancing Team is available to discuss the legal implications if you are considering purchasing an additional property<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As everyone will now be aware Labour\u2019s 2024 Autumn Budget brought in a number of new tax considerations across the UK. For those who are purchasing an additional property, or those purchasing a property via a Company even if it is the first property that Company purchases the Stamp Duty Land Tax second home penalty [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"class_list":["post-5339","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Budget 2024 - Stamp Duty Land Tax Increases for Additional Property Purchases - O\u2019Reilly Stewart Solicitors - Belfast, Northern Ireland, Legal Firm<\/title>\n<meta name=\"description\" content=\"Stamp duty increase for additional property Northern Ireland\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oreillystewart.com\/stamp-duty-increase-for-additional-property-northern-ireland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget 2024 - Stamp Duty Land Tax Increases for Additional Property Purchases - O\u2019Reilly Stewart Solicitors - Belfast, Northern Ireland, Legal Firm\" \/>\n<meta property=\"og:description\" content=\"Stamp duty increase for additional property Northern Ireland\" \/>\n<meta property=\"og:url\" content=\"https:\/\/oreillystewart.com\/stamp-duty-increase-for-additional-property-northern-ireland\/\" \/>\n<meta property=\"og:site_name\" content=\"O\u2019Reilly Stewart Solicitors\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-21T17:01:04+00:00\" \/>\n<meta name=\"author\" content=\"Patrick Mullarkey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Mullarkey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/oreillystewart.com\\\/stamp-duty-increase-for-additional-property-northern-ireland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/oreillystewart.com\\\/stamp-duty-increase-for-additional-property-northern-ireland\\\/\"},\"author\":{\"name\":\"Patrick Mullarkey\",\"@id\":\"https:\\\/\\\/oreillystewart.com\\\/#\\\/schema\\\/person\\\/59815c891facaf7c42f657c70b66166a\"},\"headline\":\"Budget 2024 &#8211; 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