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‘Stamp Duty Land Tax’ is a tax due when buying property and land in the UK. Since 4th December 2014, you will only pay the rate of tax on the part of the property price within each tax band. (This is similar to how income tax is calculated) SDLT is charged at increasing rates for each portion of the price.
This is made up of:
Typically your Solicitor will assist you with Stamp Duty payments.
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