Property taxes

The amount of tax you pay when you buy a property depends on several factors including:

  • the country the property is in
  • how much you paid for it
  • whether it is your main home.

First-time-buyers

Stamp duty land tax was abolished for most first-time-buyers in England and Northern Ireland on 22 November 2017. People who buy a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.

The Scottish government is consulting on whether to scrap land and buildings transaction tax on properties up to £175,000 for first-time buyers.

There are no specific rules for first-time buyers in Wales.

Calculate Stamp duty land tax
Please note:
The results provided by this calculator should be used as a guide only. Please contact us to discuss property tax planning in detail.

If you’re interested in working with us and wish to discuss your requirements then please call us on 44 (0) 141 221 2257 or email contact@thomasbarrie.co.uk

Atlantic House
1A Cadogan Street
Glasgow
G2 6QE

 

There is another entrance to the building at 45 Hope Street, G2 6AE.

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