If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount that you pay for the property above £500,000. These rates apply whether you are buying your first home or have owned property before
Important note stamp duty is only payable on the land purchase and are not charged on, removable fixtures and fittings, or chattels. Therefore, remember to tell your solicitor about any fittings you’ve agreed to pay for, but did not form part of the total property price.
The 3% higher rate for purchases of additional dwellings applies on top of revised standard rates above for the period 8 July 2020 to 31 March 2021.
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You have to pay Stamp Duty (or Stamp Duty Land Tax, to give it its full name) if you buy a property in the UK.
From 1 April 2016, Stamp Duty Land Tax will increase by 3% on top of current rates, for purchases of additional residential properties, such as buy to let properties and second homes.
Use this calculator to work out how much Stamp Duty you'll need to pay.
Simply enter the purchase price and select calculated stamp duty