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)