Stamp Duty for Landlords
Return on Investment is the reason for clients to purchase through Morgan Grey, whether high yielding or capital appreciation (or a bit of both).
For this reason the recent (2016) changes mean that it is vital for you to consider all transaction costs; The very reason why high yielding properties in the North East & Yorkshire are so popular.
Below is the table to enable you to calculate Stamp Duty, Please be aware however – always take independent advice (legal & financial) to ensure your calculations are correct.
Stamp Duty Band | Normal Rate | Additional Property* |
Less than £125k | 0% | 3%** |
£125k to £250k | 2% | 5% |
£250k to £925k | 5% | 8% |
£925k to £1.5m | 10% | 13% |
Rest over £1.5m | 12% | 15% |
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