STAMP DUTY LAND TAX
Stamp Duty Land Tax is payable to HM Revenue and Customs on almost every dealing with land
or an interest in land* where the price paid is over £125,000 (£150,000 and over for commercial property).
It is payable within 30 days of completion. Duty will be collected by your solicitor prior to completion and
must be paid before the property can be registered in your name. You will have to complete and sign a
special Tax Return The tax is usually paid by buyers, but can be due from sellers in certain cases.
The rates are
Price (£) Rate of Tax
0 - 125,000 (£150,000 commercial) nil
125,001 (150,001 commercial) - 250,000 1%
250,001 - 500,000 3%
500,000 + 4%
NOTE First time buyers now benefit from an extended zero band to £250,000
* eg a grant of a right of way or an option to buy land at a later date