buying, selling property UK

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Buying and Selling Property » Frequently Asked Questions » What is Stamp Duty Land Tax?

Frequently Asked Question - What is Stamp Duty Land Tax?

Stamp Duty Land Tax was introduced on 1 December 2003 and replaces the 'old' Stamp Duty on land. In the case of freehold property, the Stamp Duty Land Tax payable by the purchaser is as follows:

• up to £125,000 - Nil
• over £125,000 and up to £250,000 - 1 per cent
• over £250,000 and up to £500,000 - 3 per cent
• over £500,000 - 4 per cent

Information correct at time of writing this page.

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