Stamp duty set to increase in April 2016

Stamp Duty set to rocket:

Buy-to-let investors and holiday/second home owners will pay thousands of pounds extra in tax when they buy a property following the announcement of special “landlord” stamp duty tax rates applying from April 2016.

Stamp duty rates will be three percentage points higher for buy-to-letters than those buying a property to live in from April next year.

Nora Schofield of Singleton Day Solicitors has said that if you have plans to buy a second home or a buy to let property  you really to think about doing it before the increase in the Stamp Duty tax takes affect in April 2016.

Singleton Day Solicitors offers fixed fees for conveyancing. Should you need any help buying or selling property please speak to Nora Schofield today on 01942 554 013, email enquiries@singletonday.co.uk or visit www.singletonday.co.uk.