Stamp Duty

This is a government tax based on the property's purchase price and is calculated as follows:

Stamp Duties Land Tax

Sales Price	Stamp Duty	1st time buyer
Up to £125,000	Zero	Zero
£125,000 < £250,000	1%	Zero
£250,000 < £500,000	3%	3%
Above £500,000	4%	4%

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