Stamp Duty

This is a charge levied by the government on house purchases. There is a sliding scale of stamp duty depending upon the value of the property you are buying:

  • Up to £125,000 – nil
  • £125,001 to £250,000 – 1% of the purchase price of the property
  • £250,001 to £500,000 – 3% of the purchase price of the property
  • More than £500,000 – 4% of the purchase price of the property

If you need any more information, then simply speak to an expert today.