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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Adam Chamberlain February 19th 2020
I am currently using Shortland Horne as my letting agent for my property. When I initially called for an enquiry to see if someone would be able to view the property and discuss further to let my property out; Danny was able to do this all on the same day. Whilst other estate agents were unable to or were to slow with their reaponses. His service is efficient, professional, approachable and is very knowledgeable in his field. Most estate agents I have spoken to come across as very pushy and sales driven. However with Danny it was more about understanding what I wanted and needed and how Shortland Horne could accommodate that for me. I would definitely recommend Danny\'s service to anyone who is considering to let their property out.
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