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06-07-2006, 04:55 PM
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Stamp Duty
Ouch - now there's a kicker - I thought Stamp Duty was to be paid by the *seller*, not the *buyer*.
I've been keeping an eye out on properties between £200-£300k though I've no idea yet what my exact budget range may be. Still, certainly a sobering thought about anything over £250,000, if we actually tried to stretch that far, to realise there's an additional £6000-£8000 to add on top of the sale price for taxes. Residential property - purchase price Rate of Stamp Duty Land Tax up to £125,000 = 0% £125,001 - £250,000 = 1% £250,001 - £500,000 = 3% £500,001 or more = 4% 
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