Changes in Stamp Duty Land Tax on Buy to Let Properties
The March 2016 budget introduced higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties from 1 April 2016. If you are thinking about purchasing a Buy to Let/Investment property and are wondering how this will affect you, we have put together a few questions and answers to help you.
Why is SDLT being increased on Buy-to-Let homes?
With house prices rising, it is become increasingly difficult for first time buyers to get on the property ladder. The Buy-to-Let sector has been a controversial part of the property market for a long time, with people blaming landlords for the rising house prices. As such, George Osborne therefore turned his attention to private landlords in a bid to give first time buyers a chance to get on the property ladder. Read more →