Stamp Duty Flashcards
How long does the purchaser have to pay stamp duty
14 days
What is the stamp duty rate for purchases above £925k - £1.5m
10%
What is the stamp duty rate for purchases over £1.5m
12%
What is the max purchase price for ftb to avoid paying stamp duty
£300,000
What is the property price cap for first time buyers to qualify for relief on first £300k
£500k
What is stamp duty rate for non res land/property up to 150k
0%
What is the stamp duty rate for non red land and property purchase between £150k - £250k
2%
What is stamp duty rate for non res property
5%
What is the rate of stamp duty for corporate bodies buying residential property over £500k
15% on whole purchase price
What is the surcharge for additional properties (res) in excess of £40k
3% (4% in Scotland)
How long can a refund of additional stamp duty be claimed if original residence is sold
36 month (18 Scotland)
Where is land and buildings transaction paid
Scotland
What is the Lbtt rate payable on properties up to £145k
0%
What is the maximum purchase price for lbtt relief for first time buyers
£175k
Where is land transactions tax payable
Wales
