Stamp Duty
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A few reminders before you start
Stamp Duty Land Tax (SDLT) is payable when you purchase a property above a certain value.
The amounts payable can be significant, so it is essential that you factor these into your budget when purchasing a property. The rates of tax applied depend on the value of your property, where you are buying in the UK, whether you are a first time buyer, and how many properties you own.
In England and Northern Ireland it’s called Stamp Duty Land Tax and is customarily payable for purchases above £125,000, though currently first time buyers are exempt for properties up to £300,000