Stamp Duty Land Tax
Stamp Duty Land Tax (SDLT) is a tax that must be paid when you purchase a property above £125,000. The tax can be quite a considerable amount, so it is important to budget for this in advance.
YOUR HOME MAY BE REPOSSESSEDIF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The amount you have to pay will be a percentage of the purchase price and that percentage will depend on the value of the property. It’s calculated as a percentage of your property value over a £125,000 threshold and increases with the value of the property.
For more information, please visit the GOV.UK website. Some useful links are below for you to copy and paste into your browser:
For general Stamp Duty information / Overview:
Use the Stamp Duty calculator to work out how much tax you’ll pay:
Residential Stamp Duty Property Rates:
(Neither Hadley-Clarke Mortgages nor First Complete is responsible for the accuracy of the information contained within the linked site).
* Neither Hadley-Clarke Mortgages nor First Complete Ltd is able to provide taxation advice. Should you require advice on taxation matters you should consult with a suitably qualified professional’.