Understanding Stamp Duty
Stamp Duty, officially known as Stamp Duty Land Tax (SDLT)
, is a tax that buyers must pay when buying a home valued at more than £125,000 if you’re a current homeowner, or more than £300,000 if you’re a first-time buyer.
This tax covers the cost of the legal registration of your home with the Land Registry. HMRC will send out a certificate to complete this process – and this will not be sent until you have paid your Stamp Duty.
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