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.
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