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% |
If you're buying a property located in 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.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Article date: 10.06
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