How to avoid stamp duty

Canal boat © iStock
A novel way to escape the taxman

The new stamp-duty rules that came into effect last year, which impose an additional 3% tax on purchases of second homes, were brought in to discourage buy-to-let landlords from expanding their property portfolios. However, as with many new taxes, the rules created plenty of complications, so earlier this year the government published some much-needed guidance. These clarified some situations – both common and uncommon – in which the higher rate does not [...]