Stamp Duty Land Tax when you buy property

You pay Stamp Duty Land Tax on property like houses, flats, other buildings and land. If the purchase price is £125,000 or less you don't pay any Stamp Duty Land Tax 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.

Residential property purchase price Rate of Stamp Duty Land Tax

Upto £125,000 = 0%, £125,001 - £250,000 = 1%, £250,001 - £500,000 = 3%, £500,001 or more = 4%

Property in disadvantaged areas

If you're buying a property an area designated by the government as 'disadvantaged', you don't pay any Stamp Duty Land Tax if the purchase price is £150,000 or less.

To find out more about Stamp Duty Land Tax, including how you pay it and a link to HM Revenue & Customs' Stamp Duty Land Tax calculator, read our article 'Tax on buying property'