In his Autumn Statement last year, the UK Chancellor announced an increase in the rate of stamp duty land tax (SDLT) that will be paid from 1 April 2016 on purchases of additional residential properties valued over A?40,000, such as buy to let properties and second homes. Purchasers of such properties will pay an additional 3% SDLT above the rates they would have paid under the existing rules. The government is consulting on the detail of the policy. Here is a useful flowchart:

Flowchart

Buying in the UK? Ready to pay an EXTRA 3% tax? Maybe up to 15% tax in total?
Factor this in when looking to invest in property in the UK.
If you want details of the full report with no obligation, please email me.

GREG POGONOWSKI
www.yourmoney-matters.net
email: greg@yourmoney-matters.com