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*
The next £125,000 (the portion from £125,001 to £250,000)
The next £675,000 (the portion from £250,001 to £925,000)
The next £575,000 (the portion from £925,001 to £1.5 million)
The remaining amount (the portion above £1.5 million)
*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.
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