Stamp duty to rise for some buyers

Stamp duty to change for 2nd homes - including buy to let

In his autumn statement, the chancellor announced that higher rates of stamp duty will be charged on 2^nd home property purchases, which includes buy-to-let properties above £40,000.

This change will come into effect on purchases that complete from midnight on 31^st March 2016.

The higher rate of stamp duty for 2^nd home purchases will be 3% above the current stamp duty level and will represent a significant cost for buyers.

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