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Podcast: The Property Nomads Podcast
Episode: Budget - SDLT up to 5% from 3& + other key points
Description: Rob discusses the recent budget announcement and its implications for business taxes and the housing market. Key highlights include an increase in national insurance contributions for firms, a rise in the stamp duty surcharge on second home purchases from 3% to 5%, and a boost to the affordable homes budget by £500 million. Rob examines the potential impact of these changes on landlords and property investors, particularly regarding their willingness to purchase additional properties. KEY TAKEAWAYS National insurance contributions for firms will rise, with the earnings threshold decreasing from £9,100 to £5,000 and the rate increasing from 13.8% to 15% starting April 2025. The stam...