Stamp duty land tax
Know the facts

Stamp Duty Land Tax (SDLT) is the tax you pay when you buy property.

You pay SDLT on property like houses, flats, other buildings and land. If the purchase price is £125,000 or less you don't pay any SDLT at all. If it's more than £125,000, you pay between one and four per cent of the whole purchase price, on a sliding scale.

Residential property - purchase price Rate of Stamp Duty Land Tax
up to £125,000
0%
£125,001 - £250,000
1%
£250,001 - £500,000
3%
£500,001 or more
4%

Property in disadvantaged areas
If you're buying a property in an area designated by the government as 'disadvantaged', you don't pay any SDLT if the purchase price is £150,000 or less.

This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without appropriate professional advice after a thorough examination of their particular situation. Your home may be repossessed if you do not keep up repayments on your mortgage.

Article date: 07.07

Articles are copyright protected by Goldmine Publishing Limited 2007. Terms and conditions apply. Unauthorised duplication or distribution is strictly forbidden.
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Absolute Financial Management Ltd is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate taxation and trust advice and some aspects of buy to let arrangements.

We are entered on the FSA Register No 401135 at www.fsa.gov.uk/register. Registered in England No.05027747.
Registered Address: 50 Havelock Road, Hastings, East Sussex, TN34 1BE

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances. Please contact us for an estimate.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the United Kingdom.

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