UK Stamp Duty Rates

This took me a while to find even with Google’s help so I will put this up on my blog as it is something that is quite useful to know especially if your in the process of buying a new home.

If your a first time buyer then you get a nice break the rates are lower, with a first time buyer getting 0% on a property up to the value of £250k.

First Time Buyers

Purchase price/lease premium or transfer value Stamp Duty
Up to £250,000 (effective from 24th March 2010 until 24th March 2012) 0%
Over £250,000 up to £500,000 3%
Over £500,000 up to £1,000,000 4%
Over £1,000,000 (effective from 6th April 2011 onwards) 5%

 

Property owner Stamp Duty Rates 2011

Purchase price/lease premium or transfer value Stamp Duty
Up to £125,000 (effective from 1st January 2010 onwards) 0%
Over £125,000 up to £250,000 1%
Over £250,000 up to £500,000 3%
Over £500,000 up to £1,000,000 4%
Over £1,000,000 (effective from 6th April 2011 onwards) 4%

 
 
Correct as of the 8th November 2011


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