SDLT - higher rates for additional dwellings: Introduction
Autumn Statement 2015 announced that Higher Rates of stamp duty land tax (SDLT) would apply from 1 April 2016 to purchases of:
- additional residential properties – such as second homes and buy-to-let properties
- residential properties by companies
The legislation passed into law as Schedule 4ZA of Finance Act 2003 as inserted by section 128(3) of the Finance Act 2016.
Schedule 4ZA was amended by the Finance Act 2018 with effect from 22 November 2017. These changes are explained at SDLTM09814, SDLTM09820 and SDLTM09845 which deal with the Finance Act 2018 changes as well as the transitional provisions in 2016.
`Para` references in this part of this manual are to paragraphs in Schedule 4ZA.