Most landlords need to pay extra stamp duty land tax (SDLT) on buy-to-let property acquisitions. Use our stamp duty calculator to find out how much you need to pay.
On April 1 2016, the government introduced higher stamp duty rates for people purchasing additional residential properties. This includes most investment properties and second homes.
If you are one of the majority of landlords whose transaction this affects, you will need to factor in the extra cost.
|Property price threshold||Old lower SDLT rate||New higher SDLT rate*|
|£0 - £125,000||0%||3%|
|£125,000 - £250,000||2%||5%|
|£250,000 - £925,000||5%||8%|
|£925,000 - £1.5 million||10%||13%|
|£1.5 million or more||12%||15%|
* Caravans, houseboats, mobile homes and residential properties bought for less than £40,000 are exempt.
Input your property’s purchase price and hit ‘calculate’. Our buy-to-let stamp duty calculator will tell you:
This will help you determine for how much more you will need to budget than under the old system.
The higher rate of stamp duty applies to most buy-to-let transactions, but some may be exempt. Here is a quick guide to when the rules will apply:
If you do not sell your old home on the same day that you buy your new one, the higher rates will apply. You will have 36 months to claim a refund.
Conversely, if you do not buy a new home on the same day that you sell your old one, you will have 36 months until the higher rates will apply to the onward purchase. (Assuming that they otherwise would.)
Companies and collective investment vehicles (CIVs) always pay the higher rates, even if they do not own any other properties.
Visit our Guide to buy-to-let for 2016 and beyond to read more about the higher rates of stamp duty and when they will apply.
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