Taxes
all you need for relocation to scotland: edinburgh
Taxes: Stamp Duty Land Tax (SDLT) 2014/2015
SDLT is a tax on land and property transactions.
When you buy a property which is worth over £125,000 you have to pay a SDLT.
If you buy a land (agricultural land, forests) for £150,000 or more, you pay the SDLT.
SDLT rates 2014/15
The table below gives the SDLT rates you will pay for residential property.
Property purchase price | SDLT rate |
Up to £125,000 | 0% |
Between £125,001 and £250,000 | 1% |
Between £250,001 and £500,000 | 3% |
Between £500,001 and £1 million | 4% |
How do I pay Stamp Duty Land Tax?
Your solicitor or licensed conveyancer will handle this for you and send it to Her Majesty Revenue & Customs (HMRC) on your behalf.
SDLT payments are due within 30 days of the '”effective date'” of the transaction which is normally the date the transaction was completed.



See also:

Taxes
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