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Stamp duty rates in England and Wales for residential property:

Stamp duty for buy-to-let investors and second homeowners

Stamp duty land tax (SDLT) rates for buy to let and second properties changed on 1 April 2016, and now include a 3% surcharge. The new second home and buy-to-let stamp duty rates are tiered, just like residential stamp duty rates and income tax. Each tier, or portion of the property price, is now subject to an extra 3% stamp duty on top of the usual rate paid by those buying a home they are intending to live in.

Purchase price under £125,000

No stamp duty is charged on properties under £125,000.

Purchase price between £125,001 and £250,000

Buyers don’t pay stamp duty on the first £125,000, however they pay 2% on the remainder of the property price up to £250,000.

Purchase price between £250,001 and £925,000

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price over £250,001.

Purchase price between £925,001 and £1.5m

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price between £250,001 and £925,000; and 10% on the portion between £925,001 and £1.5 million.

Purchase price over £1.5m

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price between £250,001 and £925,000; 10% on the portion between £925,001 and £1.5 million; and 12% on the portion over £1.5 million.

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