When do you pay Stamp Duty on a house? How much is Stamp Duty?

From July 1, 2021, to September 30, 2021, there will be zero Stamp Duty to pay on properties up to the value of £250,000.

However, from October 1, 2021, Stamp Duty rates will be as follows:

Up to £125,000 – £0
The next £125,000 (the portion from £125,001 to £250,000) – two percent
The next £675,000 (the portion from £250,001 to £925,000) – five percent
The next £575,000 (the portion from £925,001 to £1.5 million) – 10 percent
The remaining amount (the portion above £1.5 million) – 12 percent

Source: | This article originally belongs to Express.co.uk

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