Owning a property is a serious commitment. Whether you’re a first-time buyer or are looking to up or downsize, purchasing a new home incurs a lot of different costs which you need to be aware of as you need to factor all of these costs into your purchase. One of the costs that many purchases get confused about is Stamp Duty.
Stamp Duty Land Tax (SDLT) is a homeowner’s tax, that is charged by the government for the purchase and ownership of either property and/or land. This tax must be paid within 14 days of completion of your contract for your new home and only applies within England and Northern Ireland (Scotland and Wales are exempt from this tax).
You will be eligible to pay for Stamp Duty if you:
As of April 2023, Stamp Duty is only eligible for properties valued over £250,000. Properties valued from £250,001 – £925,000 will have an SDLT rate of 5%.
All of our properties have been supplied with a 10-year ICW Structural Warranty, protecting you from any structural defects in the future.
Learn moreReady to start exploring your potential new home? Take a look at our available homes at The Meadows today or get in touch to learn more.
Learn moreBy signing up to our newsletter you are agreeing to share your details with Stinders Homes and William H Brown. View our Privacy Policy.
