DONT FORGET IF YOU ARE A FIRST TIME BUYER THE FOLLOWING APPLIES

First-time buyers are entitled to relief for the first £300,000 of Stamp Duty on properties up to a value of £500,000.
For example, if you’re buying your first property for £350,000 you would pay:
no Stamp Duty on the value of the property up to £300,000
5% tax on the value between £300,001 and £350,000.
In this case, the total amount of Stamp Duty would be £2,500, giving an effective rate of 0.7%.
For properties priced over £500,000, no relief is available and you would pay Stamp Duty on the full purchase price.

BUYING A SECOND HOME ?

The chart shows the standard stamp duty to be paid when buying a second home.

If you buy a new main residence but there’s a delay in selling your previous main residence, you’ll have to pay the higher Stamp Duty rates as you’ll now own two properties.
However, if you sell or give away your previous main home within 3 years of buying your new home you can apply for a refund of the higher SDLT rate part of your Stamp Duty bill.
You can request a refund for the amount above the normal Stamp Duty rates if:
you sell your previous main residence within three years, and
you claim the refund within three months of the sale of your previous main residence, or within 12 months of the filing date of your SDLT tax return, whichever comes later.