If you haven’t moved for a while, you may not know that the rules relating to Stamp Duty calculations changed on 4/12/14. They now work on an increasing rate scale based on the value of a property, much like PAYE. These new rates are based on owning one property, the new second property stamp duty surcharge will apply to second properties purchased after April 1st 2016
We’ve put together the following Stamp Duty Calculations table and fact sheet to help you to understand what impact the stamp duty changes will have on your move. We hope you find it helpful.