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Stamp duty

Stamp duty

Stamp duty land tax is a tax payable by the buyer.

The amount of tax is a percentage of the price and is as follows:-

* Except first time buyers

There are special rules when a single transaction covers multiple properties but these are outside the scope of this publication.

No stamp duty land tax is payable on the purchase of domestic properties in what are called "disadvantged areas" if the price does not exceed £150,000.  Disadvantaged areas are areas specified as such by the government.  To check if a property is in a disadvantaged area, use the HMRC post code search tool.  You will need the post code.

First time buyers do not pay stamp duty land tax where the price of the property does not exceed £250,000.  There are special rules as to whether a person is a first time buyer.  Where a purchase is in joint names, both people must be first time buyers to qualify as first time buyers.