A: Stamp duty rates are based on the value of the property 👇
🏡 £0 to £125000: 3%
🏡 £125,001 to £250,000: 5%
🏡 £250,001 to £925,000: 8%
🏡 £925,001 – £1.5m: 13%
🏡 £1.5m+: 15%
If you’re buying a property you don’t intend to live in such as a buy to let you’ll pay an extra 3% in stamp duty, unless you’re a first time buyer (you’ll pay standard rates).
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