Stamp Duty – the new rules

imagesAs of midnight tonight a new set of rules governing Stamp Duty tax will be launched.

The government have said that the average home owner should be better off, with the taxes increasing for those buying a home worth in excess of £937,000. The new rates will be as follows:

Up to £125,000 : 0%
£125,001 to £250,000 : 2%
£250,001 to £925,000 : 5%
£925,001 to £1.5m : 10%
Above £1.5m : 12%

For more information we’d recommend you read this document: Stamp_Duty_HM_Treasury.