3 Dec

***New Stamp Duty Tax changes - effective from 4.12.14***

Rate of Stamp Duty (% of portion of purchase price) £0 - £125,000 0% £125,001 - £250,000 2% £250,001 - £925,000 5% £925,001 - £1.5 million 10% Over £1.5 million 12% For example... On a purchase price of £275.000 0% on the first £125.000 2% on the next £125.000 = £2.500 5% on the final £25.000 = £1.250 Total payable = £3.750 As opposed to the old system which would have been £8.250! This is great news for purchasers and vendors!

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