The changes to stamp duty explained
On the 4th of December 2014 the rules on stamp duty changed, splitting the rate of tax into several different price bands to make it fairer and reduce the cost for the majority of homebuyers. Here are the main points you need to know if you’re planning on buying property in 2015: You will need to pay stamp duty on any UK home costing over £125,000 If you buy a property for less than £937,500, you will pay less (or the same) stamp duty than in 2014 Stamp duty rates will be reduced for 98% of people who are eligible to pay it Instead of ...
