Stamp Duty On Second Homes

pinkerton | 09:36 Fri 01st Apr 2016 | Personal Finance

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under the new rules introduced in the recent budget, would a second home costing £75,000 attract the additional payment of stamp duty, or is there still a threshold for this new charge?

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Dogsbody2

The transaction would be subject to a 3% charge. You add 3% onto the previous rate which was zero up to £125k purchase price.

The only exception for pedants is that transactions below £40k do not have to be registered currently. This continues, so no charge.

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