Stamp Duty

In June 2015 the local Government announced new residential stamp duty scales as below

First-time and second-time buyers (referred to as “Qualifying Purchasers ”) will be liable to Stamp Duty as follows:

On the first £260,000 of the value of the Property

0%

Balance above £260,000 to £350,000

5.5%

Balance above £350,000

3.5%

All other transactions relating to non-Qualifying Purchaser will be liable to stamp duty according to the standard thresholds as follows

Where the value of the Property does not exceed £200,000

0%

Where the value of the Property exceeds £200,000 but does not exceed £350,000

2% on the first £250,000 of the value and
5.5% of the amount or value that exceeds £250,000

Where the value of the Property exceeds £350,000

3.0% on the first £350,000 of the value and
3.5% of the amount or value that exceeds £350,000

Stamp Duty Calculator

0%

£0