Stamp duty on residential properties explained

It helps that the United Kingdom, and London where my home is, boasts some rather attractive properties.

Let’s get to the point though.

Aside from paying for the purchase of the property itself, a person purchasing a home is usually liable for a tax called Stamp Duty. This tax is usually collected and filed by your solicitor/property conveyancer. It is a tiered tax with some variation between Scotland, Wales and England (and the Northern Ireland). Continue reading Stamp duty on residential properties explained