Save on Stamp Duty when you buy your new David Wilson home
Stamp Duty holiday for home buyers. The changes mean if you buy a home up to the value of £500,000, you won’t need to pay any Stamp Duty, so now could be a great time to buy your new home.
How do the changes impact me?
Stamp Duty is the tax charged by the Government when you buy a home. Following the Government announcement in England no Stamp Duty is payable on homes up to £500,000. For homes over £500,000 you will save £15,000.
Stamp Duty in Scotland is referred to as the Land and Buildings Transaction Tax (LBTT) and is charged when you buy a home of more than £250,000 from Wednesday 15th July 2020.
See more detail on LBTT (Scotland)
Stamp Duty in Wales is referred to as the Land Transaction Tax (LTT) and is charged when you buy a home of more than £250,000 from 27th July 2020.
How much is Stamp Duty?
Stamp Duty payable for England purchasing over £500,000:
|
Purchase Price |
Stamp Duty % |
|
0 – £500,000 |
0% (Zero) |
|
£500,001 to £925,000 |
5% |
|
£925,001 to £1.5 million |
10% |
|
More than £1.5 million |
12% |
