Stamp Duty
Below you will find a quick reminder of the Stamp Duty tiers for (a) your main home and (b) additional properties. You also need to account for the cost of legal fees by a solicitor or licensed conveyor that on average cost between £850-£1,500 including VAT at 20% plus local searches that cost approximately £250-300.
|
Purchase price of property |
Rate of Stamp Duty |
Buy to Let/ Additional Home |
|---|---|---|
| £0 – £125,000 | 0% | 3% |
| £125,001 – £250,000 | 2% | 5% |
| £250,001 – £925,000 | 5% | 8% |
| £925,001 – £1,500,000 | 10% | 13% |
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