| Purchase Price | Stamp Duty % |
|---|---|
| £0 – £300,000 | 0% (Zero) |
| £300,001 – £500,000 | 5% (0% Stamp duty pay up to £300,000) |
| Purchase Price | Stamp Duty % |
|---|---|
| 0 – £125,000 | 0% |
| £125,001 to £500,000 | 2% |
| £500,001 to £925,000 | 5% |
| £925,001 to £1.5million | 10% |
| More than £1.5million | 12% |
Stamp Duty is the tax charged by the Government when you buy a home. For first-time buyers in England no Stamp Duty is payable on properties up to £300,000. You need to start paying Stamp Duty from £125,000
When you legally complete on a property purchase the ownership is registered with the Land Registry. At this stage you are required to pay stamp duty. Your Solicitor normally deals with this on your behalf.
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