The rate of stamp duty you will pay depends on where in the UK you buy your property. Scotland and Wales uses different rates to England and Northern Ireland.
You pay:
on the first £ (* properties costing < £40k are exempt), then
% on £ to £,
% on £ to £
,
% on £ to £
,
% on £ to £
and
% above £.
If there's a delay selling your main residence and it hasn't been sold on the day you complete your new purchase:
- you'll have to pay the higher Additional Property rates because you own 2 properties
- you may be able to get a refund if you sell your previous main home within 36 months
Disclaimer
This is for information only and should not be relied upon unless confirmed by a purchaser with their conveyancer. For more detailed information on Stamp Duty, visit www.gov.uk/stamp-duty-land-tax/overview.
Stamp Duty does not apply to Scotland, where you’ll pay Land and Buildings Transaction Tax instead when you buy a property. For more information, visit www.gov.scot/Topics/Government/Finance/scottishapproach/lbtt
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