Stamp Duty Increase for Buy-to-Let Landlords

Buy-to-let landlords received another shock in the Chancellor’s recent Autumn statement.

From 1st April 2016, HMRC are introducing a 3% Stamp Duty surcharge on the purchase of ‘additional’ residential properties. This will include both buy-to let properties and second homes, but will not apply to caravans, mobile homes or houseboats.

The surcharge will increase the Stamp Duty payable on a property costing £275,000 by £8,250 (from £3,750 to £12,000).