As some of you will already know, as of April 2016 the thresholds for Stamp Duty Land Tax (SDLT) have been changed. Below you can find the New Stamp Duty Thresholds & Calculator 2016 (produced by HMRC for the April 2016).
Residential land or property SDLT (New Stamp Duty Thresholds)
|Purchase price of property||Rate of SDLT||Investors/ Second Homes|
|Up to £40,000||N/A||0%|
|Over £40,000 to £125,000||0%||3%|
|Over £125,000 to £250,000||2%||5%|
|Over £250,000 to £925,000||5%||8%|
|Over £925,000 to £1.5 million||10%||13%|
|Over £1.5 million||12%||15%|
Interested in calculating how much stamp duty you would be required to pay ?
Click here to use HMRC Stamp Duty Land Tax Calculator