01142747576 bestadvice@knowleswarwick.com

Property taxes

The amount of tax you pay when you buy a property depends on several factors including:

  • the country the property is in
  • how much you paid for it
  • whether it is your main home.

First-time-buyers

People who buy a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.

In Scotland there is no Land and Building Transaction Tax for homes up to £145,000 for first time buyers.

There are no specific rules for first-time buyers in Wales.

Calculate Stamp duty land tax
Please note:
The results provided by this calculator should be used as a guide only. Please contact us to discuss property tax planning in detail.

Knowles Warwick Financial Services button

Click here for the Quickbooks website Xero Gold Partner Accountants Sage accountants, experts in cloud accounting, Sheffield, South Yorkshire ICAEW Chartered Accountant B1G1 Business for Good Click here for the ACCA website Connect Yorkshire Free Index  Sheffield Chamber of Commerce Click here for the Caunce O'Hara website Steve Knowles Yorkshire Advisor of the Year 2019 finalist

Knowles Warwick Financial Services Limited is authorised and regulated by the Financial Conduct Authority (in respect of regulated investment, insurance and mortgage business). For regulated financial services, the Financial Ombudsman Service is the alternative dispute resolution provider.