Funnell & Perring : Part of Hastings since 1974.

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 priceRate of Stamp Duty Land Tax
up to £175,000 (until 31 December 2009 inclusive)0%
£175,001 - £250,0001%
£250,001 - £500,0003%
£500,001 or more4%


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