|
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Letter S
Stamp duty
Government land tax of charged as a
percentage of the purchase price of a property. Charged on all property
purchases over £60,000, percentage varies by price.
To find out how much is stamp duty or how much will your stamp duty cost please
use the little table below.
At time of writing as of the 5th of April 2003 budget the rates were as
follows:-
- £0 £60,000 0% of transfer
- £60,000 £250,000 1% of transfer
- £250,001£5000,000 3% of transfer
- £500,000 + 4% of transfer
In addition there are also tax exempt areas. These are areas ear-marked by the
government for development and no stamp duty is due on property up to the value
of £150,000 for more information on whether your area qualifies please see the
Inland Revenues site at
http://www.inlandrevenue.gov.uk/so/disadvantaged.htm were you will also find
an area search tool.
For more detailed information on stamp duty in general please see the Inland
Revenues site at
http://www.inlandrevenue.gov.uk/rates/stamprates.htm
|
