You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.
Stamp Duty rates
| Minimum property purchase price | Maximum property purchase price | Stamp Duty rate (only applies only to that part of the property price that falls within each band) |
|---|---|---|
| £0 | £125,000 | 0% |
| £125,001 | £250,000 | 2% |
| £250,001 | £925,000 | 5% |
| £925,001 | £1.5 million | 10% |
| Over £1.5 million | 12% |
