New Stamp duty

LHZ

Flugelhorn said:

Before the budget you would have paid 2% on the 125k-250k which = 2,500 which you are now not paying. The govt website calculator is not updated yet 

for 435K it will be 

Old: 3%* 435 = 13050
+ normal stamp duty of 2500 + 9250 = 11750
to give 24800

new - the 2500 goes to give 22300

Awesome news. Like I said, my solicitor is having none of it and is still quoting the £24,800 figure.  Many thanks.

Flugelhorn

Show them the link you posted above and get them to work it out - the trouble is that the government calculators aren't updated yet so they won't be getting the right answer 

Print this out and fill in the figures for them:

The higher rates from 23 September 2022

Property or lease premium or transfer value	SDLT rate
Up to £250,000	3%    = 7500
The next £675,000 (the portion from £250,001 to £925,000)	8%   = 14800
The next £575,000 (the portion from £925,001 to £1.5 million)	13%
The remaining amount (the portion above £1.5 million)	15%