Higher stamp duty rates for buy-to-let property

Thursday, December 17, 2015

Stamp duty land tax (SDLT) on additional properties such as buy-to-let investments and second homes will be 3 percentage points higher than current SDLT from April 2016.

Corporate properties and properties in Scotland (which are subject to land and building transaction tax) are not a affected by the new rules.

The new rates will not apply to caravans, mobile homes orhouse boats and properties below £40,000.

The government will consult on the exact policy details including a possible exemption for corporates and funds that own more than 15 residential properties.