Stamp Duty Land Tax (SDLT) is payable to the government when you buy a property. The amount you pay depends on the purchase price of the property as well as personal circumstances like whether or not you own another property already.
It’s important to consider this cost on top of the purchase price and legal fees associated with buying a property because, even at 0.5%, it can be a substantial amount of money and make a property unaffordable within your budget.
MoneyBlog’s stamp duty calculator will help you figure out how much SDLT you will need to pay.
MoneyBlog’s Stamp Duty Calculator is coming soon.