Stamp duty: how the new rules affect buy-to-let landlords

Buy-to-let property will attract a 3% stamp duty surcharge from April next year – and other taxes will rise too

UK housing market
(Image credit: Getty Images)

George Osborne has announced a new 3% stamp duty surcharge for buy-to-let properties from 1 April 2016, a move that will almost treble the tax bill for buying a £275,000 home, raising it from £3,750 to £10,800.

Announcing the move during his autumn spending review, the chancellor said: "Frankly, people buying a home to let should not be squeezing out families who can't afford a home to buy."

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