What stamp duty is
Stamp Duty Land Tax is paid when buying property in England or Northern Ireland above the relevant threshold. The amount depends on the purchase price, buyer status, and whether the property is an additional home.
Why thresholds matter
Stamp duty is charged in bands, so only the part of the purchase price inside each band is taxed at that band's rate. This is why a small change in price can still affect the final bill.
Before you budget
Always check the latest government guidance before committing to a purchase. Rules can change, and Scotland and Wales use different property transaction tax systems.