From 1 April 2016 higher rates of SDLT apply to the purchase of additional residential properties (such as second homes and buy-to-let properties) for chargeable consideration exceeding £40,000 with effect. The higher rates are 3% above the current SDLT rates for residential property.

The article below raises an issue with the exemption that applies for people who had more than one home but were replacing their main residence. Here we have a landlord who was renting their main residence and the exmption, therefore, didn't apply. Something else for landlords to watch out for.