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What's New? > Zero-Carbon = Zero Stamp Duty?

Zero-Carbon = Zero Stamp Duty?

Published: 18th January 2011

Amidst the endless lists of government cuts and tax increases, there are glimmers for some savings to be made if you look in the right places.

Buying a zero-carbon home might be an ethically sound decision but now it seems to be a financially sound decision too. If you are looking to purchase a property up to 500,000. you would normally be paying tax of anything up to 15,000 but with the zero-carbon exemption no tax is payable.  In order to qualify for this tax relief, a home certificate must be issued by an accredited assessor. 

Even if you are looking to purchase a property worth over 500,000 you can still make a saving on the tax payable, the maximum relief is 15,000.  So if you are purchasing a property costing 600,000 you would normally pay stamp duty of 24,000 however this relief means you would only pay 9,000

At present there does not seem to be a cut off date for this relief so if you are looking to purchase a zero-carbon rated home, contact a member of our residential property team on 01553 660033.

This article aims to supply general information, but it is not intended to constitute advice. Every effort is made to ensure that the law referred to is correct at the date of publication and to avoid any statement which may mislead. However, no duty of care is assumed to any person and no liability is accepted for any omission or inaccuracy. Always seek our specific advice.