Stamp Duty 'Land Tax' is the tax you pay when you buy property.
You pay Stamp Duty 'Land Tax' on property like houses, flats, other buildings and land.
You don't pay Stamp Duty if the purchase price is £175,000 or less.
If the purchase price is more than £175,000, you pay between 1%
and 4% of the whole purchase price.
Stamp Duty is paid on the full purchase price.
The amount depends on which band the purchase price falls into:
| Purchase Price |
Stamp Duty |
| |
|
| Up to - £175,000 |
0% |
| £175,001 - £250,000 |
1% |
| £250,001 - £500,000 |
3% |
| £500,000+ |
4% |
|
|
