Overview
You must pay Stamp Duty Land Tax if you buy a property or land over a certain price in England and Northern Ireland.
You must pay Stamp Duty Land Tax if you buy a property or land over a certain price in England and Northern Ireland.
How much you pay depends on whether the land or property will be used as a residential property, whether you are eligible for relief or an exemption.
For example, if you’re buying a residential property there are different rates of Duty depending on your situation and if:
Tax is due at different levels, the starting points are listed below:
You can use Mortgage Advice Bureau Stamp Duty calculator to work out how much tax you’ll pay, please follow the link:
https://www.mortgageadvicebureau.com/mortgage-calculators/stamp-duty-calculator/
Your solicitor or conveyancer, will usually file your return and pay the tax on your behalf on the day of completion. They’ll then add the tax to their fees.