You may have heard, in the Chancellor’s autumn statement, that some major changes are due to Stamp Duty which will probably affect buy-to-let purchases from 1st April 2016.
We have already had a number of instructions come to the market in 2016 that would be suitable as buy-to-lets; some of which have tenants already in place and would provide an instant rental income. Now would be a great time to buy, before these proposed stamp duty hikes affecting buy-to-let investors come into play on the 1st April. If you would like details of what we have available or coming available please contact Barbers on 01952 221200 or send an email to wellington@barbers-online.co.uk
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Buy-to-let and second home Stamp Duty tax bands |
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Brackets |
Standard rate |
Buy-to-let/second home rate (April 2016) |
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Up to £125,000 |
0% |
3% |
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£125 - £250,000 |
2% |
5% |
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£250 - £925,000 |
5% |
8% |
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£925 - £1.5m |
10% |
13% |
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over £1.5m |
12% |
15% |
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Source: HMRC |
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Further information can be found here - https://goo.gl/a6v5Mx
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