Stamp Duty Land Tax


Stamp Duty Land Tax

On completion of your purchase, any Stamp Duty Land Tax due must be paid to HMRC within 30 days.  We will collect this from you before completion and deal with the payment.  The amount you need to pay will depend on the purchase price and is currently:

Purchase price                                           Rate of Stamp Duty Land Tax

Up to £175,000                                            0%

£175,001 - £250,000                                   1%

£250,001 - £500,000                                   3%

£500,001 or more                                       4%


Before 3 September 2008, residential properties sold for less than £125,000 were exempt.  The increase to £175,000 is currently expected to apply until 31 December 2008, when the 0% threshold will revert to £125,000.

Unlike other taxes, there is no smooth progression between the bands.  So, if you purchase a property for £250,000, Stamp Duty Land Tax will be calculated at 1%, which comes to £2,500.  However, if the property costs £251,000, the Tax will be calculated at 3% on the whole amount - £7,530.

Name: Matthew Stubbs LLB (Hons)

Title: Conveyancing Partner


Tel: 0207 404 1995

Name: Faith Rossouw

Title: Qualified Paralegal and PA to Matthew Stubbs


Tel: 0207 404 1995

87 Chancery Lane

London  WC2A 1ET

DX 105 LDE

  Tel: 020 7404 1995/0888

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