Stamp Duty Land Tax (SDLT)
UK Stamp Duty Rates
They say there is two things that you cannot escape in life, death and tax. We can't help you with the first one but we might be able to help you understand the latter.
Stamp Duty Land Tax (SDLT) as changed a few times in the last decade so let's have a look at where is sits now. SDLT's are set by the government and are payable to HM Revenue and Customs (HMRC) on completion of a property transaction. This is payable by the buyer and can range from 0% to 12% depending on the value of the property being bought.
First time buyers so have it slightly better than if it is a second property or investment property. The table above shows the rate of SDLT for First Time Buyers and the table below shows the rate for home movers.
And if, like me, you still want to double check yourself feel free to take advantage of our SDLT calculator below!