Do you know anything about the new stamp duty for investment properties or second homes

Published: 13th January, 2016

@ dachairmann

Changes to Stamp Duty for purchases of a second residential property are currently under consultation, which closes on 1 February 2016.  The proposed new rate bands are: 3% on first £125k, 5% on £124k – £250k.  This could result in a buyer paying up to five times more Stamp Duty than a person buying a first home.  Purchasing within a company will not protect against this rise.  The final announcement is expected in the 2016 Spring Budget and comes into force for purchases after 1 April 2016.