Tag: autumn statement

Chancellor’s Autumn Statement introduces increased SDLT rates for second homes and buy-to-let properties

From 1 April 2016, higher rates of SDLT (Stamp Duty Land Tax) will apply to the purchase of second homes and buy-to-let properties where the chargeable consideration exceeds £40,000 – as announced in the Chancellor’s Autumn Statement. What are the higher rates? The higher rates will be 3% above the current SDLT rates for residential property. …