UK Stamp Duty
UK Stamp Duty
Updated September 2022. When you are buying a house in the UK, you need to pay Stamp Duty on the purchase price of the house. This amount is paid to HMRC when the purchase goes through (or shortly afterwards) and is calculated on the price that you pay for the house. So let’s say you […]
If you are looking to buy a property that will cost £500,000 and want to know how much stamp duty you will be paying on the purchase price then at the current time (2017) the amount due will be as follows: For the purchase of a first or main residential property (for full details see […]
If you are buying a property and checking out how much stamp duty that you need to pay on the purchase then we can help you here. So if your question is how much stamp duty would I pay on a £180,000 house then check this out below (updated September 2023). There are many extra […]
Since the new rules on the amount of Stamp Duty that you have to pay were introduced in April 2016 there have been many questions about whether or not you need to pay the extra Stamp Duty of 3% when buying property if you (and that means one of you if you are buying as […]
We recently speculated on whether there would be any changes to stamp duty announced in the spring Budget of 2017. We thought it unlikely that any changes would be introduced at this stage although the most likely change would be to increase the threshold at which stamp duty was payable up from £125,000 (for first home […]
There is a general murmur and some anticipation that there may be some changes to UK Stamp Duty in Philip Hammond’s first Spring Budget. Mr Hammond took over as Chancellor of the Exchequer from George Osborne in July 2016. However, we should really take any rumours with a pinch of salt as they generally stem […]
Stamp duty is payable in the UK when you purchase a residential property. The amount that you pay in stamp duty depends on whether the property you buy is subject to standard stamp duty amounts for your main residential property (and there are a lot of circumstances where this can be the case) or if […]
In April 2016 the government introduced the extra 3% stamp duty for purchases of second and further properties in the UK. This was to discourage the recent buy to let phenomenon which has meant that a lot of first time buyers are struggling to get on the property ladder. However, there are a lot of […]
There are many scenarios surrounding the payment of the additional 3% of stamp duty which applies if you buy a second home which is not replacing your main residence. One of the possibilities is if you are considering buying a houseboat when you already own one or more properties. This could also apply if you […]
There is a lot of confusion about the new stamp duty that generally applies to purchases of second homes. One particular area of confusion lies where a person has already sold their main residence and is about to buy another one. The confusion lies where the person in question also owns other properties (or even […]