Thursday, March 17, 2016
Big landlords hit by Stamp Duty increase
The Chancellor has confirmed that the surcharge on buy-to-let properties will be extended to larger landlords too and will now apply to landlords who buy more than 15 properties. Reports indicate that this change will raise stamp duty charges for all landlords large or small. For example, a landlord who brought a £200,000 buy to let would currently pay stamp duty of £1500. Following the changes confirmed in todays Budget the cost from the 1st April will be £7,500.