Stamp Duty Payable by Buyers

Stamp Duty Payable by Buyers of Residential Property

Purchase Price (£)	Stamp Duty Rate

0 - 175,000	NIL
175,001 - 250,000	1%
250,001 - 500,000	3%
over 500,000	4%

Here are some examples

Purchase price (£)	Stamp Duty (£)
175,000	NIL
175,001	1,750 (rate = 1%)
250,000	2,500 (rate=1%)
255,000	7,650 (rate=3%)
500,000	15,000 (rate=3%)
505,000	20,200 (rate =4%)

Note: Stamp duty is payable on the whole of the purchase price