|
Stamp duty land tax
Know the facts
Stamp Duty Land Tax (SDLT) is the tax you pay when you buy property.
You pay SDLT on property like houses, flats, other buildings and land. If the purchase price is £125,000 or less you don't pay any SDLT at all. If it's more than £125,000, you pay between one and four per cent of the whole purchase price, on a sliding scale.
| Residential property - 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 or more |
4% |
Property in disadvantaged areas
If you're buying a property in an area designated by the government as 'disadvantaged', you don't pay any SDLT if the purchase price is £150,000 or less.
If you require any further information about the services that we provide or would like to review your financial planning position, please
contact us
Articles
|
