A hit on the âBuy-to-Letâ market from the Autumn Statement
Category: financial planning & Housing & property & Uncategorized
Chancellor George Osborne landed buy-to-let landlords a shock during the Autumn Statement by announcing a 3% stamp duty surcharge on property purchases from 1st April 2016.
The addition of a 3% extra charge for buy-to-let and second homes on all stamp duty bands above a ÂŁ40,000 starting level will see some purchases taking on a much larger amount of stamp duty.