STAMP-DUTY-BANNER

Stamp Duty Rates

Following the Chancellor’s recent Autumn Statement 2014, if you buy a property in the UK under £125,000, you no longer pay Stamp Duty Land Tax. You are now required to pay 2% if the property is between £125,000 and £250,000 and then 5% on the value of the property above £250,000.

Stamp Duty is a Government tax paid by the buyer of a property, which now ranges between 0% and 12% on residential properties, depending on the value of the property. The 12% Stamp Duty Land Tax is for properties over £1.5 million.

If you are left stumped by stamp duty or confused by conveyancing, contact your local branch to discuss any property related matters with our expert agents.

Visit us in branch for a coffee and a chat, or call us and we will arrange an appointment with our Financial Advisors.

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