0845 458 6291

info@averyknights.com

Stamp Duty Land Tax

If you buy either freehold or leasehold land or property in the UK for over £125,000.00 you may have to pay Stamp Duty Land Tax (SDLT). This is charged on all purchases of houses, flats and other land and buildings. If the purchase price is less £125,000.00 you don't pay any Stamp Duty Land Tax.

The rate at which Stamp Duty is calculated at is as follows:

 
Purchase Price
Stamp Duty Rate
£0 - £125,000
0%
£125,001 > £250,000
1%
£250,001 > £500,000
3%
£500,001 > £1,000,000
4%
£1,000,001 +
5%


As the buyer of the property you are responsible for completing the land transaction return and paying the SDLT. However we will usually handle this for you and file it with HMRC on your behalf.

Feel free to contact our offices on 0845 458 6291 or email us at info@averyknights.com; whatever the nature of your query we will be more than happy to assist.