Duck the higher stamp-duty rate

The government has allowed for exceptions to the rule, so make sure you’re aware of them.

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If your second property is commercial or mixed-use, you may avoid higher stamp-duty rates
(Image credit: Mike Dabell)

At least 15,700 property buyers paid too much stamp duty last year, says HM Revenue & Customs (HMRC). This is partly down to the fact that buyers, and sometimes even conveyancers, aren't aware of all of the exceptions to the higher rate that has been charged on second homes since 2015.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.