Updated: The original Stamp Duty Land Tax guidance was replaced by a new document with additional information on the higher rate.
At Autumn Statement on 25 November 2015, the Chancellor of the Exchequer announced that higher rates of Stamp Duty Land Tax (SDLT) would apply from 1 April 2016 to purchases of additional residential properties, such as second homes and buy-to-let properties.
The amendment explains a proposed change to the rules regarding how the higher rates of SDLT apply to individuals funding purchases under an Alternative Finance Transaction.
Source: HMRC