Buy to Let Stamp Duty

04
May

As of the 1st April 2016 the Scottish Government implemented a 3% stamp duty surcharge for those buying a buy to let property investment. This is in line with the rest of the UK and whilst an additional cost supplement is far from welcome we have always advised that buy to let should be viewed as a long term investment. 

On a £200,000 property purchase the ADS (Additional Dwelling Supplement) would be £6,000 in addition to £1,1000 LBTT (Land and Buildings Transaction Tax). Broken down over a 15 year ownership period the ADS is a fairly insignificant sum and remember it can be used to offset capital gains tax.

To work out your Land and Buildings Transaction Tax follow the link to calculator.