UK Property Tax - The impact for Expats

The budget yesterday was all about property, Specifically the change in stamp duty! If you now want to buy an average property in the UK then your stamp duty costs are likely to come down. If you're buying an above average property i.e. a mansion, then your stamp duty costs are likely to go up.

Probably what will happen is the overall purchase price of your property will remain the same, the stamp duty costs will be added to the cost of the property and the seller will get more money.This is market forces!

The other big areas were about capital gains tax for expats. The valuation date is now April 2015 so selling a property after this date will result in a CGT bill on the growth in the new tax year.