Stamp duty
Our infographic is designed to make understanding Stamp Duty easy. This illustrates how fees on residential properties are calculated according to sales price. If you are a first time buyer you do not pay any stamp duty up to £300,000, then 5% stamp duty on the portion from £300,001 to £500,000. If the price is over £500,000, you cannot claim the relief and therefore follow the rules for people who’ve bought a home before.
If you want to calculate what your stamp duty would be, the HMRC’s calculator can be found here:
