HM Treasury Consults on Higher SDLT for Second Homes and Buy-to-Let Properties

February 16, 2016

Residential Property, Wills and Probate

HM Treasury Consults on Higher SDLT for Second Homes and Buy-to-Let Properties

 “A stamp duty land tax surcharge of 3% is to be added to buy-to-let and second homes from 1 April 2016. This means the SDLT for a £275,000 property will increase from £3,750 to £12,000. The move by HM Treasury has been described as 'catastrophic for the private rented sector' by lettings experts. Agents warn of a rush of buy-to-let and second home purchases before the start of April causing a distortion to the housing market”

https://www.lawsociety.org.uk/news/stories/hmrc-consults-on-higher-sdlt-on-second-homes-and-buy-to-let-properties/

posted by Gary Baker | February 16 2016