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Work carried out includes

Home Buyer Survey
Building Valuations
Major Defects Report
Building Surveys
Onsite Acquisition Advice
Photographic Inspections
Buildings Replacement Insurance Valuation
Single Fault Assessment
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Site and Building Appraisals

PROPERTY ADVICE PAGES

STAMP DUTY

Stamp Duty Land Tax when you buy property

You pay Stamp Duty Land Tax on Property like houses, flats, other buildings and land. If the purchase price is £125,000 or less (effective 23 March 2006), you don’t pay any Stamp Duty Land Tax at all. If it’s more than £125,000, you pay between 1 and 4 per cent of the whole purchase price, on a sliding scale.

Residential 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 %

Property in disadvantaged areas

If you are buying a property in what are designated by the government as "disadvantaged areas" you do not pay any land tax on purchases under £150,000.

To check whether the property you are proposing to buy is in a qualifying area we recommend you check this with the HMRC Exempt Stamp Duty Qualifying Areas on their website and through your solicitor.

Use the Stamp Duty Tax Calculator on HMRC website

More information can be found on the HMRC website. We recommend that you check that these rates and guidelines have not been changed since this article was written by contacting the Her Majesty’s Revenue and Customs. The home page for Stamp Duty information can be located by clicking on this link.