|
If the home
you’re buying costs
more than £125,000, you have
to pay what is called Stamp Duty Land
Tax to the government.
How much you pay depends on how much
your home costs. The table below explains:
| Up
to £125,000 |
0% |
| £125,001
- £250,000 |
1% |
| £250,001
- £500,000 |
3% |
| £500,001+ |
4% |
Disadvantaged
areas
In some areas, which the government
describes as ‘disadvantaged’,
you don’t have to pay any stamp
duty land tax if the home you’re
buying costs £150,000 or less.
Find out more about ‘disadvantaged
areas’. |
