Skip to main content Skip to footer

How can you reduce stamp duty?

I am buying property for £250,000 (£249,950), anyway to reduce stamp duty?

Asked on May 22 2011, Home Finance in South Shields | Report content

Answers (2)

Was this question useful? Yes 3 No 0

Sort by: Oldest | Recent | Highest rated

  • At £250,000 you will only pay 1% £2500.00 anything over you will pay 3% so if you buy at £250,001 then the cost will be £7500.03 Keep the price down below £250,000

    Answered on May 23 2011, Report content
  • Further to the answer below - if you are a first time buyer then at a purchase price of £250,000 no Stamp Duty is payable.

    Answered on May 23 2011, Report content

Didn't find what you were looking for? Ask a question

More Home Finance in South Shields questions on AskMe

See more AskMe Q&A about Home Finance