Will I Have to Pay Stamp Duty?

In the event that you require any additional information or clarification from ourselves, please do not hesitate to contact a member of our team.

Stamp duty is a government tax on properties worth over £175,000. If the property costs between £175,000 and £250,000 the stamp duty is 1% of the property price. Properties worth £250,000 to £500,000 are taxed at 3% and those over £500,000 at 4%. If the property is a residential in an area classified as disadvantaged by the government no Stamp Duty Land Tax is payable if the property price is £175,000 or less. This is known as Stamp Duty Land Tax Exemption.

In the event that you require any additional information or clarification from ourselves, please do not hesitate to contact a member of our New Business Team

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