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Archibald, Campbell & Harley WS in Edinburgh

Edinburgh Homes for sale with Edinburgh Estate Agents

Edinburgh City Centre & Edinburgh homes for sale

Stamp Duty

Stamp Duty is the tax you pay when you buy property or shares. You pay ‘Stamp Duty Land Tax’ when you buy property and either ‘Stamp Duty’ or ‘Stamp Duty Reserve Tax’ when you buy shares.

Stamp Duty Land Tax when you buy property

You pay Stamp Duty Land Tax on property like houses, flats, other buildings and land. If the purchase price is £120,000 or less, you don't pay any Stamp Duty Land Tax at all. If it's more than £120,000, you pay between one and four per cent of the whole purchase price, on a sliding scale.

>>Find out more about stamp duty from www.direct.gov.uk

How much Council Tax do you have to pay?

Council Tax is worked out by your local council who sets the Council Tax rates for each year. The amount you have to pay depends on the value of your property and the current rates for your local council.

When the Council Tax system was introduced all properties were valued and put into a ‘valuation band’. The valuation band for your home is based on its value on 1 April 1991, not its current value.

>>Find out more about stamp duty from www.direct.gov.uk

Todays Property News

37 Queen Street, Edinburgh, Scotland, EH2 1JX.
Tel: (01312) 20 3000
Fax: (01312) 20 2288

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