Chancellor announces additional stamp duty charges for landlords

In his autumn statement, Chancellor George Osborne has announced that buy-to-let landlords and those buying second homes will soon have to pay more in stamp duty. From April 2016, they will have to pay a 3% surcharge on the stamp duty charged for the property. This means that a landlord buying a property at the current, average value of £286,000 will have to pay an extra £230 in stamp duty. Other measures include an extension to the Help to Buy (equity loan) scheme in England which will now run to 2021 – a year longer than planned.

Full story available from BBC News: http://www.bbc.co.uk/news/business-34922738

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