The Stamp Duty Land Tax (SDLT) is a charge placed on all residential property purchases over £125,000 in England, Wales and Northern Ireland. From April 2016 an additional 3% SDLT surcharge is payable on a second home or buy to let property with a purchase price of £40,000 or above. Please see the chart below for current charges.
If you are a First Time Buyer then as of 22nd November 2017, there is no stamp duty payment due on purchases up to £300,000.
Example: If you purchase a property for £275,000, the SDLT you would owe is calculated as follows
For more information on SDLT we would recommend you speak to your solicitor or a tax advisor.
Please note information correct as of Nov 2017
Buyer's Guide checklist/guide with approximate timescales
Seller’s checklist/guide with approximate timescales
The successful marketing of New Homes has been a fundamental part of Goadsby Residential for many decades and today represents a significant part of our sales revenue.