PR HartleyFCA

Chartered Accountant & Registered Auditor

Stamp Duty Land Tax


3% stamp duty surcharge

added 3 March 2016

From 1 April 2016, higher rates of Stamp Duty Land Tax (SDLT) (3% above the current rates) will be charged on the purchase of additional UK residential properties. This may impact buy to let investors.

For example, a property bought now for £500,000 would attract an SDLT rate of 5% or £25,000. But after 1 April it will be 8% or £40,000 if the purchaser already owns one or more UK residential properties.

More information on the increase in Stamp Duty Land Tax can be found on the gov.uk website.