You don't have to pay any Stamp Duty Land Tax on residential property costing £125,000 or less (effective 23 March 2006).
Above this amount you pay between one and four per cent of the purchase price.
| Purchase price of residential property |
Rate of Stamp Duty Land Tax (percentage of the total purchase price) |
| £0 - £125,000 |
0% |
| £125,001 - £250,000 |
1% |
| £250,001 - £500,000 |
3% |
| £500,001 or more |
4% |
You can check current rates of Stamp Duty Land Tax on the HMRC website.
