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Old 4th Sep 2018, 16:25
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sjb112
 
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Originally Posted by cannot
if you are buying a property to rent the stamp duty is also charged at a higher rate

Property Price. ...........Stamp Duty ..........Buy to Let/ Additional Home Rate*
£0 - £125,000. ................0%. .......................3%
£125,001 - £250,000. .....2%......................... 5%
£250,001 - £925,000. .....5%......................... 8%
£925,001 - £1,500,000. .10%....................... 13%

There are calculators online that you can use if you want
The additional home rates for stamp duty only apply if you already own one or more properties. If the purchase is your only property, the lower figures will apply. Also the rates are different (lower) if you are a first time buyer and the property is worth less than £500k. I believe that the ownership of other property applies whether or not it is located in the UK. More details here https://www.gov.uk/stamp-duty-land-tax.
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