For sales completing on or after 1st April 2016, buy to let buyers with investments or second homes will become liable to pay the additional 3% stamp duty land tax (SDLT) for purchases over £40,000. This is over and above the current SDLT levy.
The table below shows the SDLT payable on a range of prurchase prices for individuals buying buy to let investments or second homes.
Purchase Price SDLT completions pre 1/4/2016 SDLT completions from 1/04/2016
£50,000 £0 £1,500.00
£125,000 £0 £3,750.00
£250,000 £2,500.00 £10,000.00
£500,000 £15,000.00 £30,000.00
£1,000,000 £43,750.00 £73,750.00