STAMP DUTY LAND TAX
Stamp Duty Land Tax (SDLT) is a tax charged on land and property transactions in the UK.
If you buy either a freehold or leasehold property and the purchase price is more than £125,000, you pay SDLT of between one and four percent of the whole purchase price as follows:
|
Purchase Price |
Stamp Duty Rate |
|
Upto £125,000 |
0% |
|
Over £125,000 to £250,000 |
2% |
|
Over £250,000 to £925,000 |
5% |
|
Over £925,000 to £1,500,000 |
10% |
|
Over £1,500,000 |
12% |
For further information on SDLT visit the HM Revenue and Customs website: