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How much do I have to pay for stamp duty?

Asked on Apr 20 2010, Selling in West Byfleet | Report content

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  • Well if its your first time buying, your in luck! Or if not a first time buyer it will depend on the price of the property.

    Answered on Apr 21 2010, Report content
  • If you purchase at £125,000 or below there is no stamp duty, buy between £125,001 and £250,000 then the stamp duty is 1% of the entire purchase price, unless you are a first time buyer in which case you are exempt. £250,001 and £500,000 stamp duty is 3% or the entire amount, £500,001 plus stamp duty is 4%. As of April next year any purchase over £1,000,000 then stamp duty will be 5%.

    Answered on Apr 21 2010, Report content

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