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Second Homes: Stamp Duty Land Tax

Question for HM Treasury

UIN 19272, tabled on 8 December 2015

To ask Mr Chancellor of the Exchequer, whether the purchase of buy-to-let property by a person whose current residence derives only from their job will be deemed as a second home for tax purposes under the new Rules on Stamp Duty coming into force in April 2016.

Answered on

14 December 2015

The new higher rates of Stamp Duty Land Tax (SDLT) will apply to the purchase of additional residential properties and will come into force on 1 April 2016. Work-related accommodation which is provided and owned by an employer does not count when considering whether an individual is purchasing an additional property or not. The Government will shortly consult on the policy design, including on the treatment of particularly difficult cases, to ensure the change to SDLT is implemented in a fair way.

Answered by

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