The Chancellor has launched a second assault on residential landlords with the announcement of a new 3% additional stamp duty rate on any property bought as a buy to let or a second home.

George Osborne has already revealed plans to phase out higher rate tax relief on buy-to-let mortgage interest from 2017 and to reduce wear and tear allowances from next April.

The decision to hike stamp duty has been described in the press as the ‘death knell’ for buy-to-let, but how will the change in legislation affect you?

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