I have 16 buy to lets; am I exempt from the new 3% stamp duty surcharge?

When the original announcement was made in the Autumn Statement by the Chancellor, he proposed that investors with 15+ properties might be exempt from the 3% stamp duty surcharge when making purchases of additional residential property. The surcharge is due to come into effect on 1 April 2016.

Then in the consultation paper published at the end of December the stance was changed suggesting that it may be more appropriate to target an exemption based on the bulk purchase of at least 15 residential properties.

So it looks unlikely that landlords who already own 15+ will be exempt but no one knows for sure until 16 March 2016 when the final policy design is published. We will, of course, keep you informed.

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Stamp Duty Land Tax - the low down so far for landlords and property investors
Simon Whittaker, Finance Director at Mortgages for Business provides an update on how the government propose to apply the surcharge.

Rental property which avoids the 3% stamp duty surcharge
Paul Keddy, Consultant Mortgage Broker at Mortgages for Business explains how you can purchase a rental property post April 1st, without incurring the 3% stamp duty surcharge.

Our latest BTL Tax Calculator. Download this spreadsheet to see how the restrictions in BTL mortgage interest relief and the 3% SDLT surcharge could affect your portfolio.

Our Residential Stamp Duty Calculator. Compare how much you will be paying in stamp duty pre and post April 1st 2016.