From 1 April 2016, second properties will be subject to an additional rate of SDLT. This will be applicable for properties worth greater than £40,000.
This will not be applicable for corporate ownership. Therefore, I envisage seeing a greater number of companies owning buy-to-let portfolios.
Autumn Statement, the chancellor announced higher rates of Stamp Duty Land Tax (SDLT) for purchases of additional residential properties, such as second homes and buy-to-let properties, coming into effect from 1 April 2016.