How has UK Stamp Duty changed since 2014 & changes affecting buy-to-let investors and purchasers of second homes.

Before 2014 a ‘slab structure’ was in place with buyers paying a rate based on the ENTIRE property purchase price. The new rates are now payable only on the PORTION of a property price which falls within each band. As with every tax, there are those who will be better and worse off compared to the previous system. Now from April 1st 2016 a new additional charge of 3% of SDLT on purchases of additional residential property above £40,000 will apply this will affect buy-to-let properties and second homes. For example the nil rate band will increase to 3% and the top slice of SDLT will increase to 15%.

The calculator below will enable you to determine what Stamp Duty will now be payable on your property purchase with and without the additional tax levied on properties that are being purchased either under a buy-to-let scheme or as a second home.

Enter the estimated value of your purchase below and click Calculate.

If you wish to see what effect the additional 3% rate would have, click the check-box and re-calculate.

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I recently purchased my first home through Shortland Horne. From the viewing, the follow ups and to the day of completion, my experience with the team has been great. The property I bought was listed by 2 agents, and given the great experience my parents had in the past with the SH team, I chose to proceed with them also. They were always available to communicate with, and guide me throughout the process of buying home. Being my first purchase, they were patient and knowledgeable and saved me time in chasing. Sue was always friendly, and happy to help where she could. I would recommend Shortland Horne to all Buyers, as the service they receive will be unmatched by another. Thank you again!
Manisha Sharma January 18th 2021
Shortland Horne, and specificall Sue and Richard, were working with us to complete the purchase of a house on their books, due to many factors this was not always as straight forward as it could have been (what with 2020, pandemic etc) but always Sue and Richard were professional, responsive and courteous. Always available to us and happy to resolve issues and chase outstanding issues. Recommended.
Gareth Blinkhorn January 17th 2021
Fantastic service throughout for sale of parents home and purchase of new property. Process was well managed and communication through the whole process was excellent.
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