What is stamp duty?

Stamp duty is a tax payable to HM Revenue & Customs when you buy a property or land over a certain price in England, Wales and Northern Ireland. The current threshold for stamp duty to be payable is £125,000 for residential properties and £150,000 for non-residential land and properties. Stamp duty land tax may also be payable if you lease a property. Click here to view a stamp duty calculator which will calculate this for you.