The Stamp Duty Changes are here

Published: 04/04/2016 By Empire Estates

The Stamp Duty changes have come into effect from 1st April 2016.

The changes are beneficial to first time buyers who will benefit from change in the way stamp duty is calculated.


However, the changes will have a negative impact on Buy to Let investors and existing property owners who are looking to purchase a second home (which will not be their main residence) as the people who fall into this category will have to pay an additional 3% in Stamp Duty Land Tax.


The government have made these changes to encourage first time buyers to get onto the Property Market and to try to reduce the number of buy to let landlords, who the government feel are taking over the property market.

More detailed information can be found at: