'Stamp Duty Land Tax' is a tax due when buying property and land in the UK. Your solicitor will help you with the payment.
You will only pay the rate of tax on the part of the property price within each tax band.
|Up to £125,000||0%|
|Above £125,000 and up to £250,000||2%|
|Above £250,000 and up to £925,000||5%|
|Above £925,000 and up to £1,500,000||10%|