Stamp duty on land and property

yvoxwl

We wish to purchase a not yet built property on a small estate. For phase 2 The developer wants to sell each plot of land for £350k so he will have money to build the houses. Not sure what happened on phase 1.  Our plot of  land would be purchased in the next month or so but the house would not be finished until after the stamp duty March deadline. The cost of the house would be £500k. Does anyone know how much stamp duty would have to be paid. Is it just on the house (post new stamp duty rules) or is it on the total £850k (part pre stamp duty rules and part post new stamp duty rules). 

DiamondLil

You need to post this on the 'Housebuying Renting & Selling' board where you'll get more responses; this is the credit card board.