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.
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.
In Scotland there is no Land and Building Transaction Tax for homes up to £145,000 for first time buyers.
There are no specific rules for first-time buyers in Wales.
“CDJ have an experienced and knowledgeable pool of talent and resources at their disposal. I would recommend both their private and business client services to anyone looking for a personal service in the minefield of tax management.”
SyMec Limited – Norwood Green