Stamp Duty |
Stamp duty is a tax placed on property, which depends on the value of the property bought. Currently
houses below £125,000 are exempt from the tax, and the tax for higher value properties is shown below:
| Property value | Stamp Duty |
|---|---|
| Upto £125,000 | 0% |
| £125,000-£250,000 | 1% |
| £250,000-£500,000 | 3% |
| £500,000+ | 4% |
In some disadvantaged areas is is possible to get stamp duty exemption upto £150,000. For more information, telephone the Stamp Taxes Helpline on 0845 603 0135.