STAMP DUTY ON PROPERTY PURCHASE

(Note: There is a 3% increase on all bands for Buy-To-Let/Second Property)

                   

                             Residential             Second Property/Buy to Let

£0 to £125,000                  0%                                 3% (0% up to £40,000)

£125,001 to £250,000       2%                                 5%

£250,001 to £925,000       5%                                 8%

£925,001 to £1,500,000   10%                              13%

£1,500,001 plus               15%                              18%

Note: The Chancellor did also announce some changes to Stamp Duty on purchases of commercial property.

Contact us if you need details.