Stamp Duty Bands for Buy-to-let/Second home
On 8th July 2020 the Government announced a stamp duty holiday to support the economy through the COVID-19 crisis. This holiday lasts until 31st March 2021.
People buying a buy-to-let property or second home still need to pay a 3% surcharge on the standard stamp duty rates.
|Up to £500,000||3%|
|The next £425,000 (the amount from £500,001 to £925,000)||8%|
|The next £575,000 (the portion from £925,001 to £1.5 million)||13%|
|The remaining amount (the portion above £1.5 million)||15%|