We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stamp Duty Threshold changes
jmeasey
Posts: 1 Newbie
Hi,
We are currently in the process of selling our property and buying another and just had a quick question about stamp duty thresholds.
We are buying at just over 200k, so we know stamp duty is currently 1% of that. However one of our friends told us that after the 31st dec 2009, any purchase of properties bought over 200k will have a stamp duty of 3% payable? Is this correct? I have never heard of this before, nor can i find any mention of this anywhere on the net.
I know that currently if you buy for 175k or under there is no stamp duty until 31st dec, after which it will be 1%, but i have never heard of this increase for properties over 200k as well?
Thanks in advance
jmeasey
We are currently in the process of selling our property and buying another and just had a quick question about stamp duty thresholds.
We are buying at just over 200k, so we know stamp duty is currently 1% of that. However one of our friends told us that after the 31st dec 2009, any purchase of properties bought over 200k will have a stamp duty of 3% payable? Is this correct? I have never heard of this before, nor can i find any mention of this anywhere on the net.
I know that currently if you buy for 175k or under there is no stamp duty until 31st dec, after which it will be 1%, but i have never heard of this increase for properties over 200k as well?
Thanks in advance
jmeasey
0
Comments
-
3% is for properties over £250k as far as im aware.Mortgage free 04/03/2025. Thanks to this site and lots of overpayments bit by bit.
Next stop: house repairs, holiday fund, replace our very old cars, more financial security/early retirement savings.🤞0 -
Your friend is talking out of their proverbial
Everything that is supposed to be in heaven is already here on earth.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.1K Banking & Borrowing
- 254K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.2K Work, Benefits & Business
- 602.4K Mortgages, Homes & Bills
- 177.9K Life & Family
- 260.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards