What stamp duty is payable in the UK?

Individuals

This is paid by the purchaser, and ranges from 0% to 12%, depending on the value of the property. From November 2016, 2 nd home owners and buy-to-let landlords will have to pay a surcharge of 3% per band. Properties owned in any part of the world count as 1 st home.

First time buyers will pay zero stamp duty on the first £300,000 of any home. Homes over £300,000 up to £500,000 will be charged 5%. Conditions for this is that it must be owner-occupied and not a Buy-to-let.

Companies

Same rates as individuals unless the property is valued or purchased for more than £500,000 and is for own use. Stamp duty on these properties will be at a flat rate of 15%.