New Stamp Duty Rates
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
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Buy to let or second home
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