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Stamp Duty

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  • Stamp Duty

    Ouch - now there's a kicker - I thought Stamp Duty was to be paid by the *seller*, not the *buyer*.

    I've been keeping an eye out on properties between £200-£300k though I've no idea yet what my exact budget range may be.

    Still, certainly a sobering thought about anything over £250,000, if we actually tried to stretch that far, to realise there's an additional £6000-£8000 to add on top of the sale price for taxes.

    Residential property - purchase price Rate of Stamp Duty Land Tax

    up to £125,000 = 0%
    £125,001 - £250,000 = 1%
    £250,001 - £500,000 = 3%
    £500,001 or more = 4%
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