Landlords Wanted
If you buy shares or a house you usually have to pay tax – stamp duty – on the purchase. These are the current rates.
Shares
Stamp duty is payable at 0.5% of the value of the shares purchased, rounded up to the nearest £5. It’s not payable on transactions of less than £1,000.
Residential property
Up to £125,000 nil*
£125,000 to £250,000 1%
over £250,000 3%
over £500,000 4%
over £1,000,000 5%
over £2,000,000 7%
* £150,000 for homes in disadvantaged areas.
Source: This Is Money.