Stamp Duty Land Tax on Residential Property

Residential property rates You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat. SDLT only applies to properties over £250,000. The amount you pay depends on:

• when you bought the property

• how much you paid for it

• whether you’re eligible for relief or an exemption

If you want to find out more about Stamp Duty Click Here https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

Also you can use the SDLT calculator to work out how much tax you’ll pay.