Whether you are a purchasing your first property or are well-experienced in the house-moving process, fully understanding every step and financial commitment involved when purchasing a home can be a difficult task.
Everyone moving home, needs to be aware of and prepared for Stamp Duty and its implications on your property purchase. However, very few fully understand the details around Stamp Duty.
Stamp Duty Land Tax (SDLT) is a tax charged by the government to homeowners buying property or land within England and Northern Ireland. Please note: tax requirements are different within Scotland and Wales.
Stamp duty must be paid within 14 days of completion.
You are eligible for Stamp Duty if:
The current threshold for Stamp Duty is set at properties with a value of more than £125,000.
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