sA tax paid by the buyer to the Government. The current tax brackets (as of July 2014) are as follows: Properties up to £125,000 – 0%; £125,001 to £250,000 – 1%; £250,001 to £500,000 – 3%; £500,001 to £1 million – 4%; over £1 million to £2 million – 5%; over £2 million – 7%.

This scale differs for corporate bodies.

Stamp Duty is charged at 15% on residential properties bought by companies and collective investment schemes. There are some exceptions to this, those of which can be found at www.gov.uk/stamp-duty-land-tax-rate

 


 

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