Stamp Duty Calculator
~Use the following link to access a calculator supplied by the ” Daily Mail” and read the following report
HMRC Stamp Duty Calculator Link
What you need to know about stamp duty on buy-to-let and second homes
- Buy-to-let and second home stamp duty surcharge adds 3% to all tax bands
- Charge was introduced in April 2016 and Treasury tried to close all loopholes
- Parents buying with children, those buying but selling an existing buy-to-let and those with a second home overseas are all hit
Buy-to-let landlords and second home buyers must pay extra stamp duty costs since a controversial 3 per cent surcharge was introduced.
From April 1 2016, anyone purchasing an additional property must pay an extra 3 per cent stamp duty – that means the charge applies to buy-to-lets, second homes and even a property you buy with your children.
The changes apply to companies and individuals no matter how many properties you are purchasing, here we outline the major changes to look out for.
Stamp duty calculator: How big a tax bill will your property purchase trigger?
By Richard Browning for MailOnline
Important update: Stamp duty has been radically reformed in the December 2014 Autumn Statement.
From 4 December 2014 the slab style system has been axed and a new progressive income tax-style system introduced.
Our calculator has been updated to show how much you will pay under the new system.
There is also a table below which shows how much you will pay at different levels and a further calculator that lets you compare the new and old systems.
STAMP DUTY CALCULATOR
In the Autumn Statement on 3 December 2014, Chancellor George Osborne set out plans to simplify Stamp Duty. This calculator incorporates the new rates and shows you much you win or lose. Calculator created by: Datify
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-1633417/Stamp-duty-calculator-How-pay-property.html#ixzz3m0hZcpQj
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reference: dailymail.co.uk
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