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People also ask
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What is the stamp duty land tax in the UK?
The SDLT you owe will be calculated as follows: 0% on the first £125,000 = £0. 2% on the second £125,000 = £2,500. 5% on the final £45,000 = £2,250.
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How is stamp duty calculated in the UK?
The stamp duty rate ranges from 5% to 12% of the purchase price, depending upon the value of the property bought, the purchase date and whether you are a first time buyer or multiple home owner. A 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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How much is stamp duty land tax in the UK?
How much is stamp duty? BracketsRate Up to £250,000 0% The next £675,000 (the portion from £250,001 to £925,000) 5% The next £575,000 (the portion from £925,001 to £1.5 million) 10% The remaining amount (the portion above £1.5 million) 12%
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