Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Two Deadlines End 30 June - How Will They Affect You? · Stamp Duty holiday ends, long live tax on property buyers! · Wednesday 30 June is the deadline for most European Union (EU) citizens to apply to live permanently in the UK as settled residents. The Stamp Duty exemption for homebuyers paying tax on properties which cost £250,000 or less is coming to an end, much to my solicitor’s relief! He will need a real holiday! Wales temporarily raised its threshold for land transaction tax (LTT) during the pandemic from £180,000 to £250,000, in line with other UK governments. The exemption, originally to March 2021, was extended to 30 June. Some homebuyers have saved thousands by completing sales within the deadline, but others are set to miss out for various reasons including legal or mortgage delays. From 1 July, stamp duty will be charged above £250,000 at the following rates: · £0-£250,000 = 0% · £250,001-£925,000 = 5% · £925,001-£1,500,000 = 10% · £1,500,000+ = 12% On 1 October 2021, rates are due to return to