Russell Simpson update popular SDLT calculator ahead of Buy to Let reforms
- By Jake Russell
- 11 February 2016
Russell Simpson has updated its popular online Stamp Duty Land Tax calculator. The modifications include the ability for users to calculate the additional 3% SDLT charges, set to come into effect on Tuesday 5th April 2016. The calculator can now calculate the standard SDLT charges due on a typical purchase, as well as the additional 3% due across each bracket if the purchase is a second home or Buy to Let investment.
The Stamp Duty calculator is a popular feature of the website, giving potential purchasers the ability to calculate the necessary SDLT charges due on all property purchases above £125,000. This allows them to make a fully informed decision when considering a property purchase. The updated calculator has been launched now to give potential purchasers the option to understand the potential transaction costs if completed after April, as well as the potential savings that could be made if they managed to exchange ahead of 5th April.
As a family run and independent estate agent established for over 37 years, Russell Simpson has an excellent understanding of the needs of its clients, and has always strived to provide the best possible advice and tools for people to use when buying a new home. Russell Simpson has particular experience within the high net worth areas of Chelsea, Knightsbridge, Hyde Park and the surrounding locations, and prides itself on offering a discreet, personal service drawing on its experience to give astute property advice.
You can calculate potential stamp duty costs by using the newly updated calculator here.