What is Stamp Duty?
When purchasing property or land in England and Northern Ireland over a certain price, Stamp Duty Land Tax (SDLT) is added.
The SDLT threshold on residential properties is £125,000.00 and £150,000.00 for non-residential property or land – commercial property for example offices, coffee shop. Any property that isn’t suitable to be lived in.
From 8th July 2020 until 31 March 2021 reduced rates are applied on residential properties. This does not apply on the purchase of a secondary home or buy-to-let property.
Find out how much you would have to pay below: