New Stamp Duty Tax Rate on Second Homes

Did you know that on the 1 April 2016 the stamp duty tax that you pay on purchases of properties in the UK will change, potentially significantly increasing the cost of buy-to-let and second homes?

Here is what Deloitte has to say on the matter with a useful table showing the tax bands related to property value.

This is the UK Government’s Stamp Duty Calculator which shows the current rate of tax.

And if you really want to see how the changes will impact you here is a very useful comparison website.

Please get in touch with our experienced conveyancing team for more guidance and support.

Please note our Minehead Office has recently relocated to 1 Bancks Street, Minehead TA24 5DJ. 

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