Buying a home in the UK requires you to pay a government tax, in England this is called Stamp Duty Land Tax (SDLT). In Wales it’s
Land Transaction Tax (LTT) and
Buildings Transaction Tax (LBTT) in Scotland.
How much you have to pay depends on the value of the property you purchase, take a look at the tables below or try the calculator.
If you’re a first-time buyer, you pay 0% Stamp Duty on the first £425,000 of your new home. And you’ll only pay 5% on any proportion between £425,001 and £625,000. However, if the price of the home is more than £625,000, you'll be required to pay normal Stamp Duty rates.
We may be able to help you with your land tax payment, talk to your sales consultant today.
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