Buy to Let investors and Second Home Buyers face higher Stamp Duty
The Chancellor has announced in the Autumn Statement that from April 2016, Buy-to-let landlords and people buying second homes will soon have to pay more in stamp duty.
Purchases in England and Wales will have to pay a 3% surcharge on each stamp duty band, including those between £40,000 and £125,000 where currently these are exempt.
Is now the time to look for that investment purchase, or even sell that empty property before the tax changes take place?
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