Land and Buildings Transaction Tax
You have to pay Land and Building Transaction tax, or Stamp Duty Land Tax (SDLT), If you buy a property in the UK over a certain price. This is charged on all purchases of houses, flats, and other land and buildings. Let us know the price of the property below and we'll do all the calculations for you
Results
If the purchase price of the property was £125,000, you will need to pay the following tax.
Land and Buildings Transaction Tax
New Scottish tax level*
Zero
Properties under £145,000 pay no tax
Stamp Duty
New UK Duty (except Scotland)*
Zero
Properties under £125,000 pay no tax
Old Stamp Duty
For all of UK*
£1,250
*Land & Buildings transaction tax applies from 1 April 2015 in Scotland only. Stamp Duty Land Tax (SDLT) from December 2014 for the rest of the uk.
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