What is Rental Yield?
Stamp duty is the tax due when buying property and land in the UK known as ‘Stamp Duty Land Tax’
You are required to pay the rate of tax on the part of the property price within each tax band – similar to income tax.
Use our stamp duty calculator to find out how much Stamp Duty Land Tax you would be required to pay.
To help you understand how stamp duty works more clearly here are some examples:
Properties under £125,000 – 0%
No stamp duty is charged on properties under £125,000.
Properties above £125,000 and up to £250,000 – 2% stamp duty is charged on properties above £125,001 up to £250,000.
Properties above £250,000 and up to £925,000 – 5%
5% stamp duty is charged on properties above £250,001 up to £925,000.
Properties over £925,000 and up to £1,500,000 – 10%
10% stamp duty is charged on properties above £925,001 up to £1,500,000.
Properties over £1,500,000 – 12%
12% stamp duty is charged on properties over £1,500,001.
Register now for properties with Miles & Barr and see how much you could save and give us a call if you require more help with your stamp duty calculation.