Along-with new stamp duty rates, Chancellor has introduced many other new taxes to punish landlords of buy to let properties. From partial allowance of mortgage interest to non-reduction of capital gain tax on residential properties, there are many attacks which Chancellor has made on landlords since he assumed power. From 1 April 2016, a new stamp duty regime on residential sale would be implemented.

Following are the new rates:

First Home

Property or lease premium or transfer value	SDLT rate
Up to £125,000	Zero
The next £125,000 (the portion from £125,001 to £250,000)	5%
The next £675,000 (the portion from £250,001 to £925,000)	8%
The next £575,000 (the portion from £925,001 to £1.5 million)	13%
The remaining amount (the portion above £1.5 million)	15%

Buy to let or second home

Property or lease premium or transfer value	SDLT rate
Up to £40,000	Zero
From £40,001 to £125,000	3%
The next £125,000 (the portion from £125,001 to £250,000)	5%
The next £675,000 (the portion from £250,001 to £925,000)	8%
The next £575,000 (the portion from £925,001 to £1.5 million)	13%
The remaining amount (the portion above £1.5 million)	15%