When purchasing a buy to let property, the Stamp Duty will be higher than when purchasing your own home. The rates for a second property are based on the purchase price of the property and are calculated as follows:
| THRESHOLD | RATE |
| Up to £250,000 | 3% |
| £250,001 – £925,000 | 8% |
| £925,001 – £1.5M | 13% |
| £1.5M + | 15% |