UK Stamp Duty Rates - Understand More & Get Expert Advice

Current UK Stamp Duty Rates – Info & Advice

What is a Stamp Duty? – Our Experts Explain

Stamp Duty is the tax you pay when you buy property or shares. You pay ‘Stamp Duty Land Tax’ when you buy property and either ‘Stamp Duty’ or ‘Stamp Duty Reserve Tax’ when you buy shares.

Stamp Duty Land Tax when you buy property

You pay Stamp Duty Land Tax on property like houses, flats, other buildings and land. If the purchase price is £250,000 or less you don’t pay any UK Stamp Duty Land Tax (SDLT) at all. If it’s more than £250,000, you pay between one and five per cent of the whole purchase price, on a sliding scale.

How much stamp duty will i pay?

Purchase price/lease premium
or transfer value
SDLT rate SDLT rate for
first-time buyers
Up to £125,000 Zero Zero
Over £125,000 to £250,000 1% Zero
Over £250,000 to £500,000 3% 3%
Over £500,000 4% 4%
Over £1,000,000 5% 5%
Over £2,000,000 7% 7%

 

(The above table shows UK Stamp Duty Rates correct as at March 2014)

Check Out What The Current Stamp Duty Rates – CLICK HERE

Property in disadvantaged areas

If you’re buying a property in an area designated by the government as ‘disadvantaged’, you don’t pay any Stamp Duty Land Tax if the purchase price is £250,000 or less.

Stamp Duty Reserve Tax when you buy shares

You pay UK Stamp Duty Reserve Tax at the rate of 0.5 per cent when you buy shares:

  • ‘UK Stamp Duty’ is payable when the shares are transferred to you using a stock transfer form
  • ‘Stamp Duty Reserve Tax’ is payable when the shares are transferred to you electronically without using a stock transfer form

You pay a higher rate of 1.5 per cent when you transfer shares into a ‘depositary receipt scheme’ or a ‘clearance service’. These are special arrangements where the shares are held by a third party.

Our Mortgages are suitable for many purposes, including buying a new home, remortgaging for home improvements, debt consolidation or any reason that you want to raise cash.

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