If you’re buying a second home, Buy to Let, or investment property, you should be aware that there is an additional 3% Stamp Duty Land Tax (SDLT) on top of the standard SDLT amount payable. Since this regime was introduced in 2016, the market for second homes has certainly felt the pinch, especially for buy to let landlords who are also being penalized with a reduction in the amount of mortgage interest that can be claimed against tax.
Tag Archives: SDLT
Last week…Wednesday’s budget was noticeable for the absence of any mention of the housing market. This oversight was met with derision from almost every organisation with an interest in the property sector. There has been a succession of housing ministers over recent years, each of which has introduced several, mostly ill-considered, policies which have effectively damaged the sector by tinkering with it, rather than by providing serious reform.