2007-02-27 05:16:01 · 6 answers · asked by paulrasjr 1 in Business & Finance ➔ Renting & Real Estate
1% is what it used to be. Sorry didn't know the rate had changed since I moved to France. I have just investigated and it is 0% under £150,000 and 1% between £150,000 and £250,000 if the land /property is in a disadvantaged area and 1% between £125,000 and £250,000 in other residential areas. So it really depends on where the property is.
2007-02-27 05:20:05 · answer #1 · answered by freddy the newf 4 · 1⤊ 1⤋
In the UK its 1% for properties between £125000 - £250000 - ie will cost £1,500 on the price you have given
Stamp Duty may not have to be paid on property up to the value fo £150,000 if the government have declared it to be a 'disadvantaged area'
these links may be of help
http://www.hmrc.gov.uk/so/faqs.htm#11
http://www.hmrc.gov.uk/so/dar/dar-qualifying.htm
2007-02-27 07:38:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1% of price you pay, not the valuation.
Some postcodes benefit from stamp duty exemption if the price is under 150k e.g. regeneration areas. Your solicitor will tell you if this is the case.
Properties priced 125k - 250k = 1% stamp duty
2007-02-27 05:40:33 · answer #3 · answered by Anonymous · 1⤊ 0⤋
There is no stamp duty paid for properties with a value under £250,000
2007-02-27 05:21:03 · answer #4 · answered by Anonymous · 1⤊ 2⤋
1%
2007-02-27 05:19:08 · answer #5 · answered by lulu 6 · 0⤊ 1⤋
None; its bellow the starting level.
Smile!
All the best!/
2007-02-27 06:23:44 · answer #6 · answered by Ebby 6 · 0⤊ 1⤋