Second Home SDLT Surcharge – An Update

The Autumn Statement 2015 included a commitment to charge higher rates of Stamp Duty Land Tax (“SDLT”) on purchases of additional properties, such as buy-to-let properties in England, Wales and Northern Ireland, and second homes from 1 April 2016.

The Consultation on this measure was published on 28 December 2015 and runs from that date until 1 February 2016 with confirmation of the final design to be announced at the Budget on 16 March 2016. It is generally recognised this is a short period in which to introduce such a significant change. Read a copy of our Briefing Note “Second Home SDLT Surcharge – An Update” for more information, or contact a member of our Rooks Rider Solicitors Wealth Planning Team.

Senior Partner

Partner - Head of Real Estate

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