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Budget analysis: Property

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The Budget introduced a new 7% SDLT rate for residential property worth over £2m. There were also a number of measures to discourage ownership of UK residential property through corporate style entities, which include a 15% SDLT charge on purchase, an annual charge and a capital gains charge on disposal. There were several other measures affecting property owners, probably the most significant of which were the already announced changes to the rules for claiming capital allowances on fixtures.

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