Stamp Duty


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Stamp Duty Land Tax which replaced Stamp Duty in 2003 is a simple tax based upon the price that is paid for property. However, after April 4th 2016, Stamp Duty on Buy-to-Let and Second Homes will increase

The amount payable for a first home is set out in the table below

£1.00 to £125,000                      No Tax

£125,001 to £250,000                2% of the price paid

£250,001 to £925,000                5% of the price paid

£925,001 to £1,500,000             10% of the price paid

£1,500,001 and above                12% of the price paid

For a Buy-to-Let property, or a second home, the following will apply

£1.00 to £125,000                      3% of the price paid

£125,001 to £250,000                5% of the price paid

£250,001 to £925,000                8% of the price paid

£925,001 to £1,500,000             13% of the price paid

£1,500,001 and above                15% of the price paid

To provide some mitigation against this tax the Chancellor introduced in 2005 the concept of 'Disadvantaged Areas'. This does not apply to Buy-to-Let properties or second homes.

This measure exempted residential properties in certain areas from the payment of Stamp Duty Land Tax provided the purchase price is no more than £150,000.

The relevant areas are defined by Post Codes.

You can check to see if a property is exempt by clicking on the link below and typing in the Post Code.

Stamp Duty Land Tax becomes payable 28 days from the day of completion.


Click here for more information about Disadvantaged Areas Relief.

23rd February 2019

Sarginsons Law