UK Stamp Duty on Property, the basics. Home

UK Stamp Duty on Property, the basics.
21/09/2008 posted by Kevin S
Stamp duty is a Tax payable on property. Types of property include houses, flats and other buildings or land.

Stamp Duty is paid by the purchaser of the property or land.

The amount of stamp duty paid is banded. The table below shows how;

  • 0% - up to £175,000 (until 2 September 2009 inclusive)
  • 1% - £175,001 to £250,000
  • 3% - £250,000 to £500,000
  • 4% - £500,001 and above.

If a property is in a Government designated 'Disadvantaged area', then there is no Stamp Duty to be paid if the purchase price is below £150,000.
(This relief will not apply for property purchases between 3 September 2008 and 2 September 2009 inclusive.)