There are three rates of stamp duty land tax which could be applicable to the purchase of a property and are dependent on your circumstances.

You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.

For more information visit the .Gov website HERE

Calculate your Stamp Duty

Stamp duty to pay is