Buy-to-Let Guide
Stamp Duty
Stamp duty is an important consideration for any Private Landlord.
Stamp duty is paid by the purchaser, with the rate dependent upon the price paid (or 'chargeable consideration') for the property.
From 6th April 2016, where an individual already owns a residential property there will be a 3% supplement added to the normal stamp duty rates.
Most landlords will already have a residential property (e.g. their main home) so the supplement rates will be more common.
The current rates for residential property are as follows:
| Price paid (or chargeable consideration) | Main rate | Supplement rate |
|---|---|---|
| Under £125,000 | Nil | 3% |
| The next £125,000 | 2% | 5% |
| The next £675,000 | 5% | 8% |
| The next £575,000 | 10% | 13% |
| In excess of £1,500,000 | 12% | 15% |
