💰 Only 1 month to go before you start paying more Stamp Duty!! 💰 Here's a quick reminder on all rate changes and dates ✔

ℹ Two dates for your diary: 1st July and 1st October 2021

It's Friday afternoon, time for some good old fashioned maths 🧮➕➖✖➗🧮:

𝗕𝗲𝗳𝗼𝗿𝗲 𝟯𝟬𝘁𝗵 𝗝𝘂𝗻𝗲
Up to £500,000 = 0%
£500,000 > £925,000 = 5%
£925,000 > £1.5m = 10%
£1.5m+ = 12%

𝗘𝘅𝗮𝗺𝗽𝗹𝗲: buy a property at £600k, first £500k you pay 0% and then 5% on the next £100k = 𝗬𝗼𝘂 𝗽𝗮𝘆 £5,000 ✅

𝗕𝗲𝘁𝘄𝗲𝗲𝗻 𝟭𝘀𝘁 𝗝𝘂𝗹𝘆 𝗮𝗻𝗱 𝟯𝟬𝘁𝗵 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿
Up to £250,000 = 0%
£250,000 > £925,000 = 5%
£925,000 > £1.5m = 10%
£1.5m+ = 12%

𝗘𝘅𝗮𝗺𝗽𝗹𝗲: buy a property at £600k - first £250k you pay 0% and then 5% on the next £350k = 𝗬𝗼𝘂 𝗽𝗮𝘆 £17,500 ✅

𝗔𝗳𝘁𝗲𝗿 𝟭𝘀𝘁 𝗢𝗰𝘁𝗼𝗯𝗲𝗿
Up to £125,000 = 0%
£125,000 > £250,000 = 2%
£250,000 > £925,000 = 5%
£925,000 > £1.5m = 10%
£1.5m+ = 12%

𝗘𝘅𝗮𝗺𝗽𝗹𝗲: buy a property at £600k - first £125k you pay 0%, 2% on the next £125k and 5% on the next £100k = 𝗬𝗼𝘂 𝗽𝗮𝘆 £20,000 ✅

𝗡𝗼𝘁𝗲: These rates are for UK resident individuals buying and owning one home 🏠 For more information on rate variances, visit govuk by clicking the calculator below 🌐

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro 

🤷‍♀️ Still unsure about how much SDLT to budget for? Contact us and we'll happily run through it!

☎📧🗨

#cavendishexperts #sdltholiday #sdltcalculator #propertynews #estateagents #houseexpert #housingmarket2021 Rishi Sunak

Cavendish Residential is a Lettings Agency based in Nottingham city centre.