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stamp duty tax

What is Stamp Duty Land Tax and how does it work?

20th June 2013

Stamp duty – or to give it its official title Stamp Duty Land Tax – is a tax on the purchase of land and property. It is calculated as a percentage of the ‘chargeable consideration’ – anything of economic value paid by the purchaser – above various thresholds. The table below (taken from the HMRC site) outlines the thresholds for ...read more