Stamp Duty


Stamp Duty

Stamp Duty

Stamp duty tax liability for anyone purchasing an additional property has increased from April 2016.

Stamp Duty

Stamp Duty for Buy to Let Property

Stamp duty tax liability for anyone purchasing an additional property has increased from April 2016.

This means the majority of buy to let purchases now attract an additional 3% stamp duty surcharge. There is a new starting threshold of £40,000 which will capture nearly all buy to let transactions. The stamp duty increase will apply to all buy to let purchases unless total individual ownership is limited to a single dwelling, ie the purchaser does not already own other residential property.

Existing Property Owners

For someone who already owns a buy to let property, who wishes to purchase another one to rent out, the higher SDLT rate will now apply. The higher SDLT rate will also apply if they decide to buy any additional residential property, unless it is to be used to replace their existing main residence. Similarly, for someone who already has a main residence, who wishes to purchase an additional property to let out, the higher SDLT rate will apply.

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