Stamp duty information

(Stamp Duty Land Tax) is a tax levied by the Government which is payable when you purchase a property.

(First time buyers are exempt from stamp duty up to £300,000)

No Stamp Duty up to £125,000

Stamp Duty payable at 2% from £125,000 up to £250,000

Stamp Duty payable at 5% from £250,000 up to £925,000

Stamp Duty payable at 10% from £925,000 up to £1.5M

Stamp Duty payable at 12% above £1.5M

Buy-To-Let and second homes

From April 2016 an additional 3% on each stamp duty band will need to be paid.

                                     Standard Rate             (BTL) / Second home rate

Up to £125,000                        0%                                       3%
£125,001 - £250,000               2%                                       5%
£250,001 - £925,000               5%                                       8% 
£925,001 - £1.5m                   10%                                     13% 
Over £1.5m                             12%                                     15%

 (Please note the above information provided maybe subject to change and we advise that you check with your solicitor prior to making any financial commitments)