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STAMP DUTY

STAMP DUTY

Stamp Duty Offers
To help with the purchase of your dream Countryside home we can contribute to the Stamp Duty charge, or in some cases pay the full amount. The offer is only available on participating properties so look out for the 'Stamp Duty Offer' emblem throughout the site and please contact the Sales Team of your development of interest for more information. 

Need to calculate how much Stamp Duty you’ll be paying on your new Countryside home?  
See what you will need to pay here www.stampdutycalculator.org.uk.

What is Stamp Duty?
Stamp Duty, or Stamp Duty Land Tax (SDLT) to give it its full name, is a charge that applies when purchasing a residential property in the UK, regardless of whether it’s new or second hand.  The amount of Stamp Duty you pay depends on the purchase price, the current rates can be found below.

The new rates only apply to the amount of the purchase price that falls within the particular duty band, whereas with the previous system you would be paying successively higher rates on the entire purchase price, which in most cases is less favourable.

Purchase price Rate of SDLT (percentage of portion of purchase price)
£0 - £125,000 0%
£125,001 - £250,000 2%
£250,001 - £925,000 5%
£925,001 - £1.5 million 10%
Over £1.5 million 12%

There are different rules if you’re buying your first home. You get a discount (relief) that means you pay less or no tax if:

  • you complete your purchase on or after 22 November 2017
  • the purchase price is £500,000 or less
  • you, and anyone else you’re buying with, are first-time buyers

Different rates apply in Scotland - from 1st April 2015, Stamp Duty Land Tax (SDLT) has been replaced by Land and Buildings Transaction Tax (LBTT).