What is Stamp Duty?
When purchasing a property in the UK a charge is applied to that property dependent on its value.
That charge is Stamp Duty (Stamp Duty Land Tax). Until 30th September 2021 there will be no Stamp Duty
to pay on homes up to the value of £250,000. The rate of Stamp Duty to pay on homes above the value
of £250,000 will be 5% and will apply to the portion of the value between £250,001 and £925,000.
An additional rate of 3% remains for buyers who already own residential properties, such as
second homes and buy-to-let properties.