Stamp duty land tax
Know the facts

Stamp Duty Land Tax (SDLT) is the tax you pay when you buy property.

You pay SDLT on property like houses, flats, other buildings and land. If the purchase price is £125,000 or less you don't pay any SDLT at all. If it's more than £125,000, you pay between one and four per cent of the whole purchase price, on a sliding scale.

Property in disadvantaged areas
If you're buying a property in an area designated by the government as 'disadvantaged', you don't pay any SDLT if the purchase price is £150,000 or less.

This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without appropriate professional advice after a thorough examination of their particular situation. Your home may be repossessed if you do not keep up repayments on your mortgage.

Article date: 07.07