Budget Latest - Stamp Duty
Stamp Duty Land Tax when you buy property
New thresholds introduced from 3 September 2008 mean that if you buy property and the purchase price is £175,000 or less you don't pay any Stamp Duty Land Tax at all.
If it's more than £175,000, you pay between one and four per cent of the whole purchase price. The £175,000 threshold (up from £125,000) will remain in place up to and including 31 December 2009
| Residential property - purchase price | Rate of Stamp Duty Land Tax |
|---|---|
| up to £175,000 (until 31 December 2009 inclusive) | 0% |
| £175,001 - £250,000 | 1% |
| £250,001 - £500,000 | 3% |
| £500,001 or more | 4% |
News Links
