Stamp duty land tax is a tax payable to HMRC that anyone buying a property or land has to pay. From the 1st of April 2016 properties that are purchased as a Buy-To-Let or as a second home have different stamp duty rates.
‘Stamp Duty Land Tax’ is a tax payable when buying property or land in the UK
Typically your Solicitor will assist you with Stamp Duty payments.
Since 4th December 2014, you will only pay the rate of tax on the part of the property price within each tax band. (Similar to how income tax is calculated)
For more information about stamp duty please – Click Here
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