STAMP DUTY RATES
Stamp Duty Land Tax in England, Scotland and Wales is a tax specified by HMRC to be paid on property and land purchases. Stamp duty rates are related to the property value and increase in bands as the value increases. of the land or property and as a percentage of the value of the property.
There are now schemes to eliminate these costs carried our out by highly specialist solicitors. To find information on stamp duty costs and details of solicitors who can help with this service please contact the site mentioned at the end of this page.
The stamp duty rates are applied based apply to the "chargeable consideration". The usual rates start at 1% for properties valued above £125,000. Above £250,000 SDLT is 3% and above £500,000 the rate is 4%.
Exceptions to these rates include disadvantaged areas and zero carbon homes where SDLT is reduced. You can find out more on www.avoidingstampduty.com
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