This calculator is aimed to give the stamp duty cost for your purchase. Since the Autumn budget announced in November 2015, you may be liable for a 3% stamp duty surcharge in certain situations, typically when buying an additional property. It effectively applies if you already have the use of a main home even if for example it is owned by your spouse, likewise a first time buyer looking to buy an investment property will not need to pay this. Again we will advise accordingly and help ensure your purchase is correctly set up. But further clarification can also be obtained from your tax advisor or solicitor.
Remember, if you are buying a property for the First Time, you are a First Time Buyer regardless if it is for residential or buy to let purposes. If you are selling your current home and making an onward residential purchase as part of that transaction, again no 3% Stamp Duty surcharge.
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