CLA Financial - Witney
CLA Financial - Witney

Rates of Stamp Duty Land Tax (SDLT)

Important information for first time buyers:

For first time buyers stamp duty has been abolished if the property you are buying is £425,000 or under. If the property price falls between £425,001 and £625,000 then a 5% tax charge will apply to that portion. If the property is bought for over £625,000, normal stamp duty rates will apply.

Stamp duty rates if you own only one property:

Purchase Price of Property Rates paid on the part of the property within each tax band  
£0 - £250,000 0%
£250,001 - £925,000 5%
£925,001 - £1,500,000 10%
£1,500,001 and over 12%
   

From 1st April 2016, there are new rates of stamp duty land tax on second properties. The rates are as follows:

Purchase Price of Property Rates paid on the part of the property within each tax band
£0 - £125,000 3%
£125,001 - £250,000

5%

£250,001 - £925,000 8%
£925,001 - £1,500,000 13%
£1,500,001 and over 15%

Contact Us

Tel:

01993 650882

 

Mobile:

07818436325

 

E-mail:

info@clafinancial.co.uk

 

 

 

 

 

Print | Sitemap
© CLA Financial

Call

E-mail