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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