Policy paper

Stamp Duty Land Tax: higher rates on purchases of additional residential properties

This legislation imposes higher rates of Stamp Duty Land Tax (SDLT) on the purchase of additional residential properties purchases which complete on and after 1 April 2016.

• From: HM Revenue & Customs
• Published: 16 March 2016
• Last updated: 23 September 2022 — See all updates

Documents

Stamp Duty Land Tax: higher rates on purchases of additional residential properties

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Draft legislation

PDF, 98.8 KB, 10 pages

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Explanatory note

PDF, 169 KB, 8 pages

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Details

From 1 April 2016 higher rates of SDLT will be charged on purchases of additional residential properties, such as second homes and buy-to-let properties. The higher rates will be 3 percentage points above the current SDLT rates.

Related forms and guidance

Stamp Duty Land Tax: higher rates for purchases of additional residential properties
Guidance on the changes that are being made and how they will affect purchases of additional residential properties from 1 April 2016.

Published 16 March 2016
Last updated 23 September 2022 + show all updates

1. 23 September 2022

   The Stamp Duty Land Tax rates table has been removed from the general description of the measure and a link to the current rates table has been added

2. 8 March 2021

   Purchase deadlines extended for reduced rates for Stamp duty Land Tax.

3. 8 July 2020

   The government has temporarily increased the nil rate bands of residential Stamp Duty Land Tax from £125,000 to £500,000.

4. 16 March 2016

   First published.