HMRC Announces new Stamp Duty Rules

Stamp Duty Land Tax rules changes

With a reform of Stamp Duty Land Tax (SDLT) desperately required, the Government announced last week a new way of calculating the tax, reforming the thresholds basis on which it’s calculated.

Purchase price of property Rate of SDLT

  • Zero % up to £125,000
  • 2% on £125,000 to £250,000
  • 5% on £250,000 to £925,000
  • 10% on £925,000 to £1.5 million; and
  • 12% on £1.5 million +

What does this change mean?  

It means that anyone buying a house under £937,000 will now be better off.

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