Stamp duty is a property tax charged at completion. Stamp duty is payable at each rate on the portion of the purchase price that falls within that band, as follows. Certain exemptions apply to first time buyers for property purchases up to £500,000 in London (£300,000 outside London) meaning that there is no stamp duty on the first £300,000.

This is not a full guide to UK property taxes. You are recommended to seek expert advice. Property Inside London would be delighted to assist you in selecting a leading adviser.