We’ve looked at company and corporate stamp duty surcharges. Now, let’s look from the perspective of an individual buyer investing in property.
When purchasing investment properties personally, such as a buy-to-let, holiday let or second home, the 3% surcharge applies on top of the residential stamp duty rates.
The exception to the 3% surcharge is first time buyers, who pay the standard rates of stamp duty and benefit from first time buyers’ relief, regardless of whether the property is purchased for use as their own home or as a buy-to-let.