Stamp Duty Savings
The recent government changes in the way Stamp Duty is charged mean that home purchasers are now in a more favourable position.
Under the new regime, no tax will be paid on the first £125,000 of a property.
|2% will be paid on the portion from||£125,001 to £250,000.|
|5% will be paid for the portion from||£250,001 up to £925,000.|
|10% will be paid on the portion from||£925,001 up to £1.5 million.|
|12% will be paid on everything over that.|