Short answer：BSD no longer applies to relevant residential instruments executed on or after 28 February 2024. This tax change alone does not prove that transactions or prices must rise.
Other costs remain
AVD, legal work, agency fees and borrowing still need assessment using the correct instrument date and property category. Removing BSD is not a blanket exemption from purchase taxes.
Market effects need separate evidence
Before-and-after comparisons must consider rates, supply, transaction mix and seasonality. This article provides no causal study and withdraws unsupported legacy buyer-growth and price-effect figures.
Before deciding
- Check current IRD information
- Separate policy dates from data periods
- Do not equate correlation with causation
Sources and method
Sources support the specific rules described. Checklists and hypothetical calculations are editorial explanations, not measured market results or individual approvals.
Revision：Removed unsupported experience, case outcomes and statistics; corrected the topic-specific rules and limitations described above.
Scope：General information only, not personalised legal, tax, immigration, admissions or investment advice.