Stamp Duty
Stamp Duty is the tax you pay when you buy property or shares. You pay 'Stamp Duty Land Tax' when you buy property and either 'Stamp Duty' or 'Stamp Duty Reserve Tax' when you buy shares.
Below are the thresholds that currently apply
|
Purchase Price |
Rate of Stamp Duty Land Tax |
|
up to £125,000 |
0% |
|
£125,001 - £250,000 |
1% |
|
£250,001 - £500,000 |
3% |
|
£500,001 + |
4% |
If you're buying a property an area designated by the government as 'disadvantaged', you don't pay any Stamp Duty Land Tax if the purchase price is £150,000 or less.
To find out more about Stamp Duty Land Tax, including how you pay it and a link to HM Revenue & Customs' Stamp Duty Land Tax calculator, read our article 'Tax on buying property'.
Click here if you would like more info on stamp Duty
Click here if you would like to market your property for sale with Your Property For Sale.
