Put simply: Stamp duty is a tax imposed by the government on the purchase of property. It’s a one-time payment that the buyer needs to make when acquiring a property. The stamp duty rate ranges from 5% to 12% of the purchase price, depending upon the value of the property bought, the purchase date and whether you are a first time buyer or multiple home owner.
What is stamp duty and how much will I have to pay?
January 22nd, 2024
