Fri 10 Feb 2017 View all news articles
Stamp Duty Land Tax. This may feel like yet another thing to have to pay for when you are going through the process of a house purchase, but what does stamp duty mean?
Stamp Duty Land Tax is a tax that you will have to pay if you are purchasing a property for over £125,000. The rate that you have to pay is based on the property value.
Want to know how much you will pay in stamp duty for your property purchase? Use our stamp duty calculator here:
|Tax Band||%||Taxable Sum||TAX|
|£0 - £125,000||£0|
|£125,001 - £250,000|
|£250,001 - £925,000|
|£925,001 - £1,500,000|
If you have any questions or queries about stamp duty, please contact your local branch. We are always happy to help!
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