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.
Up to £125,000...... o%
Over £125,000 to £250,0000 .......1%
Over £250,000 to £500,000 .........3%
Over £500,000.......4%
Over and above the threshold stamp duty is paid on the whole purchase price. |