What is the additional SDLT charge for a second property in the UK?

What is the additional SDLT charge for a second property in the UK?

• A. 0%
• B. 1%
• C. 2%
• D. 3%

Answer: (D)

The extra SDLT charged on a second property is 3%. In England (and Northern Ireland, where SDLT applies), buying a second home or a buy-to-let triggers an additional 3% on top of the normal SDLT rates for the purchase. This surcharge is intended to deter multiple properties and applies to the transaction as a whole, layered on the standard bands. Note that Wales and Scotland use their own land transaction taxes, so the specific rates differ there.

The extra SDLT charged on a second property is 3%. In England (and Northern Ireland, where SDLT applies), buying a second home or a buy-to-let triggers an additional 3% on top of the normal SDLT rates for the purchase. This surcharge is intended to deter multiple properties and applies to the transaction as a whole, layered on the standard bands. Note that Wales and Scotland use their own land transaction taxes, so the specific rates differ there.