{"id":2250,"date":"2015-12-07T10:47:06","date_gmt":"2015-12-07T10:47:06","guid":{"rendered":"http:\/\/my-brains.co.uk\/jackross\/?p=2250"},"modified":"2015-12-07T10:47:06","modified_gmt":"2015-12-07T10:47:06","slug":"higher-stamp-duty-rates-for-buy-to-let-property","status":"publish","type":"post","link":"https:\/\/my-brains.co.uk\/jackross\/higher-stamp-duty-rates-for-buy-to-let-property\/","title":{"rendered":"Higher stamp duty rates for buy-to-let property"},"content":{"rendered":"<p><strong>Stamp duty land tax (SDLT) on additional properties such as buy-to-let investments and second homes will be 3 percentage points higher than current SDLT from April 2016. <\/strong><\/p>\n<p>Corporate properties and properties in Scotland (which are subject to land and building transaction tax) are not affected by the new rules. The new rates will not apply to caravans, mobile homes or house boats and properties below \u00a340,000. The government will consult on the exact policy details including a possible exemption for corporates and funds that own more than 15 residential properties.<\/p>\n<h3>SDLT rates for additional properties<\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"205\"><strong>Portion of property price<\/strong><\/td>\n<td width=\"205\"><strong>Current SDLT rate<\/strong><\/td>\n<td width=\"205\"><strong>SDLT from April 2016 rate<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"205\">Up to \u00a340,000<\/td>\n<td width=\"205\">Zero<\/td>\n<td width=\"205\">Zero<\/td>\n<\/tr>\n<tr>\n<td width=\"205\">\u00a340,001 &#8211; \u00a3125,000<\/td>\n<td width=\"205\">Zero<\/td>\n<td width=\"205\">3%<\/td>\n<\/tr>\n<tr>\n<td width=\"205\">\u00a3125,001 &#8211; \u00a3250,000<\/td>\n<td width=\"205\">2%<\/td>\n<td width=\"205\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"205\">\u00a3250,001 &#8211; \u00a3925,000<\/td>\n<td width=\"205\">5%<\/td>\n<td width=\"205\">8%<\/td>\n<\/tr>\n<tr>\n<td width=\"205\">\u00a3925,001 &#8211; \u00a31.5 million<\/td>\n<td width=\"205\">10%<\/td>\n<td width=\"205\">13%<\/td>\n<\/tr>\n<tr>\n<td width=\"205\">Above \u00a31.5 million<\/td>\n<td width=\"205\">12%<\/td>\n<td width=\"205\">15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In his Autumn Statement speech George Osborne said: &#8220;People buying a home to let should not be squeezing out families who can\u2019t afford a home to buy.&#8221;<\/p>\n<p>Richard Lambert, CEO at the National Landlords Association, said: &#8220;The Chancellor\u2019s political intention is crystal clear; he wants to choke off future investment in private properties to rent. The exemption for corporate investment makes this effectively an attack on the small private landlords.&#8221;<\/p>\n<p><em>Talk to us about how changes to stamp duty could affect you.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stamp duty land tax (SDLT) on additional properties such as buy-to-let investments and second homes will be 3 percentage points higher than current SDLT from April 2016. Corporate properties and properties in Scotland (which are subject to land and building transaction tax) are not affected by the new rules. The new rates will not apply&hellip;&nbsp;<a href=\"https:\/\/my-brains.co.uk\/jackross\/higher-stamp-duty-rates-for-buy-to-let-property\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Higher stamp duty rates for buy-to-let property<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":""},"categories":[3,5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Higher stamp duty rates for buy-to-let property - Manchester Chartered Accountants<\/title>\n<meta name=\"description\" content=\"Stamp duty land tax (SDLT) on additional properties such as buy-to-let investments and second homes will be 3 percentage points higher than current SDLT\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/my-brains.co.uk\/jackross\/higher-stamp-duty-rates-for-buy-to-let-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Higher stamp duty rates for buy-to-let property - 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