What is Stamp Duty?

Stamp Duty is payable on all homes with a purchase price of over £125,000. The amount you will have to pay will be based upon the selling price of your home. Currently the scale charges are as follows:

Up to £125,000 = nil
£125,001 to £250,000 = 1%
£250,001 to £500,000 = 3%
More than £500,000 = 4%

NB - these figures are set by the Government, and are subject to change.

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