A | Stamp duty is goverment tax, paid based on the value of the property you buy the thresholds start at £125,000 then £250,000 and the higher band is £500,000,and the percentages of tax paid are as follows.
£125,000.......1%
£250,000.......3%
£500,000.......4%
Over and above the threshold stamp duty is paid on the whole purchase price. |