Chancellor delivers his budget – Our property verdict

16
Mar

Chancellor delivers his budget – Our property verdict



The Chancellor has delivered his widely awaited 2016 Budget which contained a number of measures which will immediately impact on the Property sector.

The headline measures relate to SDLT.  Whilst investors have been planning structures around the Chancellor’s proposed relief for corporates and multiple purchases, the Chancellor has done away with the exemption on higher rates of SDLT for all larger scale investors.  There are also changes to Business Rates as well as the method of  SDLT calculation for comemrcial purchases and leases.

Click here to download our summary of the Property implications of the 2016 Budget.