Stamp Duty Land Tax

Stamp Duty - Land Tax

If you want to move home, it is important that you establish how much Stamp Duty you need to pay so that you can budget for this before making an offer.

Stamp Duty is a land tax which applies to any property purchase over £125,000.

Under the new system, the amount of Stamp Duty owed will work in a way much like income tax.

On residential properties, Stamp Duty can range between 0-12% dependent on the purchase price of the property. (As per HMRC website)

Freehold sales and transfers

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).

Property/Lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

The table is a general guide and full details can be found at https://www.gov.uk/stamp-duty-land-tax/overview - This link will take you to an external site not linked to this website. Information is based on tax year 2016/2017.

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