01244 456 570

Buy to let stamp duty calculator April 2016

Use our calculator to work out how much stamp duty you will need to pay when buying a buy to let property or second home.

Get a mortgage quote today

Find out how much your stamp duty will cost you

Buy to Let Stamp Duty Calculator New Costs April 2016

The new stamp duty costs on buy to lets and second homes has now changed. As of April 2016 the costs have risen. Use our calculator to find out the new cost.

What is Stamp Duty?

Known by its full name of Stamp Duty Land Tax, Stamp Duty is a tax paid to the government for any land or property related transactions so if you are purchasing a property, you'll need to remember to calculate any payments that you'll need to make on top of the value of the property.

How much is Stamp Duty?

Property or lease premium or transfer value

Stamp Duty Rate

Up to £125,000*

3%

The next £125,000 (the portion from £125,001 to £250,000)

5%

The next £675,000 (the portion from £250,001 to £925,000)

8%

The next £575,000 (the portion from £925,001 to £1.5 million)

13%

The remaining amount (the portion above £1.5 million)

15%

*If the property value is equal to or less than £40,000 you will not pay SDLT

Example: If you buy a house for £275,000, the Buy to let Stamp Duty Rate you owe is calculated as follows:

  • 3% on the first £125,000 = £3,750
  • 5% on the next £125,000 = £6,250
  • 8% on the final £25,000 = £2,000
  • Total SDLT = £12,000


Stamp Duty does not apply to you if you are selling your home, but it may be worth taking it into consideration on behalf of your potential buyers. 

If your property is valued at £250,000 your buyer would need to find an extra £10,000 on top of the purchase price to cover the buy to let stamp duty tax.

How can we help you?

SoSmart Money are specialists when it comes to mortgage and insurance advice. Our trained expert advisers have access to the UK’s leading lenders and using their knowledge and skills will place you with the most suitable leader and product for your needs.

Speak to one of our experts for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.

trust pilot

"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"

"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."

"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."

"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."

awards

Winner of AI Finance awards 2015 for:
Best personal finance comparison site &
Best online price comparison platform

Our trusted mortgage brands

view more
BSA.gif market_harborough_building_society.jpg CTE.gif BLF.gif NAP.gif BBV.gif YOR.gif
CAM.gif BNT.gif HEC.gif BBV.gif TBS.gif BME.gif NAP.gif BHI.gif BFU.gif BHX.gif VBS.gif ULS.gif CTS.gif LEE.gif ipswich_building_society.jpg CAN.gif SBS.gif BCH.gif WBB.gif NBS.gif BLF.gif CTE.gif BDA.gif HSB.gif BLH.gif FID.gif TSB.gif clydesdale_bank.jpg BBS.gif market_harborough_building_society.jpg YOR.gif YBS.gif CNW.gif scottish_building_society.jpg BSA.gif BWO.gif chorley_building_society.jpg FAM.gif RBS.gif BNW.gif CLY.gif bath_building_society.jpg tesco.jpg BMO.gif TIP.gif POS.gif BPR.gif
FAQs
  • Will I be charged for using SoSmart Money?
  • How do SoSmart Money make their money?
  • Which products can I compare with SoSmart Money?
  • Who are SoSmart Money?
  • What lenders do you compare?
  • Will I be contacted by other companies?

latest news View All News
search

Use the search tool below to find what you are looking for:

close search

Sign up to our newsletter