What is stamp duty and how much do I pay?

Quick Summary:

What are the stamp duty rules and rates across the UK?

Purchasers who already have a residential property also have to pay an Additional Dwelling Supplement (ADS), external on top of LBTT if their share of the new property is worth £40,000 or more.

At the moment, buyers of homes worth less than £250,000 don't pay stamp duty.

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Article Details

Author / Journalist: BBC News

Category: Business

Markets: United KingdomIreland

Topics: Property Residential Increase Duty Raised Worth Additional Land Buyers External Stamp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 15:34:49 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23341271

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #43

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