Stamp Duty Land Tax

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Stamp Duty Land Tax

STAMP DUTY COSTS

Stamp Duty is payable if you buy a residential property over £125,000.

The HM Revenue & Customs (HMRC) website has a useful calculator to work out how much is payable, but it is briefly as follows:

BUY-TO-LET & SECOND HOMES

Residential property over £40,000 purchased as a buy-to-let or a second home will incur a surcharge of 3% on the existing rates from April 2016. So, in addition to the rates in the above table, add 3% to each portion (NB purchases up to £125,000 will be taxed at 3% on the FULL purchase price, not the difference between £40,000 and £125,000).