When looking to move home you may feel overwhelmed with all of the information and legal jargon you need to understand. The Stamp Duty guidelines have changed dramatically over the last year following the Chancellor’s Autumn Statement in December 2014.
To make the system clear we have laid out the facts for you…
Stamp Duty Land Tax is charged on land or property transactions in the UK. This tax ONLY applies to the buyer and NOT the seller. There are varying thresholds as follows:
If you buy a house for £275,000, the SDLT you owe is calculated as follows:
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £25,000 = £1,250
Total SDLT = £3,750
For further information on Stamp Duty, please call your local Naylor Powell branch.
Estate Agents l Letting Agents l Property Managers
Gloucester l Newent l Stonehouse
From deposits to subletting, there are many terms within the process of letting a property that you may have never come across before. Don’t worry as you are...
We had a fantastic team outing to Dean Laser Clay Ltd in Newnham. Beautiful surroundings and a lot of fun. The 'shooting...
When it comes to buying or selling a home, there is a lot of jargon that you may not be familiar with. Don’t worry as you are not on your own with...