Government introduces measures to boost the UK housing market.
From 3rd September 2008 the government introduced temporary measures aimed at boosting the UK residential housing market.
Stamp duty land tax is paid by the buyer as a percentage of the purchase price of the property. The 0% SDLT relief has been increased from £125,000 to £175,000 for one year.
If it's more than £175,000, you pay between one and four per cent of the whole purchase price.
For more information visit http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4015918
Stamp duty land tax is paid by the buyer as a percentage of the purchase price of the property. The 0% SDLT relief has been increased from £125,000 to £175,000 for one year.
If it's more than £175,000, you pay between one and four per cent of the whole purchase price.
For more information visit http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4015918