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The New Stamp Duty Rules - November 2016

Posted on 30 November 2015
The New Stamp Duty Rules - November 2016

Following the chancellor’s Autumn statement last week, please find the following information regarding new arrangements for buy to let and second home / holiday home purchases regarding stamp duty.

Mr Osborne has placed a 3% levy on every price bracket of stamp duty which can be explained in below examples.

Stamp Duty Rates (on purchases)

Property value Standard rate Buy-to-let/second home rate (April 2016)
Up to £125,000 0% 3%
£125 - £250,000 2% 5%
£250 - £925,000 5% 8%
£925 - £1.5m 10% 13%
over £1.5m 12% 15%

Source: HMRC