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Stamp duty rates.
The rate of stamp
duty is dependent on the value of a property and is
payable by the purchaser when a house is sold.
Stamp duty rates
have recently changed for first time buyers, and a new higher stamp duty
rate has been introduced for more expensive homes sold after April 2011.
Stamp duty rates for first time
buyers.
New stamp duty rates have been introduced for first time buyers. For a period of
two years from April 2010, first time buyers won't have to pay stamp duty on any
house purchased up to the value of £250,000.
This concessionary stamp duty
rate replaces the normal 1% and 3% stamp duty rates and applies to first time
buyers only. First time buyer stamp duty rates are valid until 24th March 2012.
Stamp duty rates for 2011.
New stamp duty rates will be introduced from April 2011 and
will apply to houses sold in excess of £1 Million. The new stamp
duty rate will be 5% applied to the sale price of the property.
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Property value. |
Stamp duty rates. |
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2010/2011 stamp
duty rates for previous home owners |
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Up to £125,000 |
0% |
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£125,001 - £250,000 |
1% |
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£250,001 - £500,000 |
3% |
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over £500,000 |
4% |
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Stamp
duty rates for first time buyers (until
24 March 2012) |
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Up to £250,000 |
0% |
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£250,001 - £500,000 |
3% |
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over £500,000 |
4% |
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New 2011/2012
stamp duty rates |
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Up to £125,000 |
0% |
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£125,001 - £250,000 |
1%* |
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£250,001 - £500,000 |
3% |
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£500,001 - £1,000,000 |
4% |
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over £1,000,000 |
5% |
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*0%
for first time buyers |
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quick mortgage enquiry >> |
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