30 June 2020

Elizabeth Small and Lucy Barber comment in Mansion Global on taxes to expect for a second home outside London

Corporate Tax Partner, Elizabeth Small, and Head of Residential Property, Lucy Barber, comment in Mansion Global answering a question regarding what taxes to expect for a second home outside London.

In the article, Elizabeth and Lucy were asked: ‘I'm looking to buy a country home outside of London now. What are the property-related taxes I might incur from having a second home if I wanted to keep my London residence as well?’

In their extensive comments, Elizabeth and Lucy discuss Stamp Duty Land Tax (SDLT), the main residential tax in the U.K, alongside the variation of annual council taxes between councils in the UK.

Read the full article here.

Buying and selling luxury residential property in a competitive market

The purchase or sale of a high value home requires expert legal advice to manage the complexities involved. Our lawyers are dedicated to sharing their knowledge to enable you to navigate the legal practicalities of buying and selling high value assets.

Forsters' Luxury Residential Property Hub

Our Insights

"Extremely hands on, with a high level of partner input."
The Legal 500, 2020