SIPP providers back commercial property stamp duty reform

Osborne used his eighth Budget speech to state commercial stamp duty would be 0% on purchases up to £150,000, 2% on the next £100,000 and 5% above £250,000. There will be a new 2% rate for high-value leases with net present value above £5m. The changes are effective from tonight. Talbot and Muir head of pensions technical Claire Trott said: "The changes to commercial property stamp duty is a change that is welcome to SIPPs and SSAS members, we were already seeing an increase in interest in commercial property within our schemes because of the lack of stability on the stock market. ...