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Legal Basics -
Property
Stamp Duty
Current Levels
Here are the current levels of stamp duty land tax that you will pay when you buy a house on or after 25 March 2010
| Rate | Land in disadvantaged areas - residential | Land in disadvantaged areas - non -residential | All other land in the UK - residential | All other land in the UK - non-residential | First time buyers |
| Zero | £0 - £125,000 | £0 - £125,000 | £0 - £125,000 | £0 - £125,000 | £0 - £250,000 (for 2 years from 25th March 2010) |
| 1% | Over £125,000 - £250,000 |
Over £125,000 - £250,000 |
Over £125,000 - £250,000 |
Over £125,000 - £250,000 |
|
| 3% | Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
|
| 4% | Over £500,000 - £1,000,000 |
Over £500,000 - £1,000,000 |
Over £500,000 - £1,000,000 |
Over £500,000 - £1,000,000 |
|
| 5% (from April 2011) | Over £1,000,000 | Over £1,000,000 | Over £1,000,000 | Over £1,000,000 |
N.B. Disadvantaged Area Relief for non-residential land transactions is not available for non-residential land transactions with an effective date on or after 17 March 2005.
However the relief is preserved for:
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