Stamp Duty Reform

  • Stamp Duty Reform

    The new stamp duty rates at different band levels will only apply to the part of the property price that falls within that band, so there will no longer be a huge jump in stamp duty, for instance, on a property costing £500,001.

    Under the new rules, no tax will be paid on the first £125,000 of a property, followed by 2% on the portion up to £250,000, 5% on the portion between £250,000 and £925,000, 10% on the next bit up to £1.5 million and 12% on everything over that.

    Residential properties

    Purchase price of property

    Rate of SDLT (percentage of portion of purchase price)

    £0 - £125,000

    0%

    £125,001 - £250,000

    2%

    £250,001 - £925,000

    5%

    £925,001 - £1.5 million

    10%

    Over £1.5 million

    12%

    More information can be found here :- https://www.gov.uk/stamp-duty-land-tax-rates

    We have made these alterations for you where this information is displayed in the footer section of any particulars that are produced.

    If you require any further changes, then please can you contact the helpdesk on 08456 444 446.

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