Carter Jonas
Carter Jonas

If you own a townhouse

HIGHLIGHTS
Located in Mayfair
Guide price of £14m
If purchased by an individual at asking price the stamp duty would be 7%
However if bought within a corporate structure, stamp duty would now be 15%
In addition an annual property tax (ARPT) of £70,000 could be payable per annum as it falls in the £10-20m price bracket.
LONDON TOWNHOUSE

image Available off market in Charles Street, one of Mayfair’s finest streets, this townhouse has a guide price of £14m. If purchased by an individual at asking price the stamp duty would be 7% which equates to £980,000.

However if bought in a corporate structure which typically, in the past, would have been the case the stamp duty would now be 15% which equates to a charge of £2.1m.

In addition an annual property tax (ARPT) of £70,000 could be payable per annum as it falls in the £10-20m price bracket.

If the owners are not planning on occupying the property they may consider renting the property to a third party on a commercial basis, which falls under one of the exemptions. A property of this size and quality in this location could achieve between £8,000 to £9,000 per week.


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