quote:

Originally posted by daveyjp:
Disadvantaged area relief was abolished in the 2005 budget - the raise in the 1% level had to be paid for somehow!

quote:

Originally post by ILrush:
Contact the local council and ask if there has been a regeneration team set up for that area, get the their details and make contact with them. They should be able to answer your initial question and also be useful for any funding that is available to pretty up the outside, plant trees, etc.

quote:

Originally posted by daveyjp:
Disadvantaged area relief was abolished in the 2005 budget - the raise in the 1% level had to be paid for somehow!

quote:

Originally posted by kinster:
I've seen on the IR Website that a postcode I entered is in a deprived area. The property is selling at approx £215,000. Am I entitled to stamp duty relief as the limit/cap at £150k? Do I need to pay the 1% Stamp Duty?

Thanks

quote:

Originally posted by TommyP:

quote:

Originally posted by kinster:
I've seen on the IR Website that a postcode I entered is in a deprived area. The property is selling at approx £215,000. Am I entitled to stamp duty relief as the limit/cap at £150k? Do I need to pay the 1% Stamp Duty?

Thanks

Disadvantaged area tax relief is available for properties that fall within the £125,000 to £150,000 price bracket only. As soon as the purchase price rises above (even by £1.00) Stamp Duty is payable at 1% of the full purchase price.

Therefore, if the property your are purchasing is priced at £215,000 you will be liable to pay £2,150.00 Stamp Duty.