Stamp duty UK Tax definition

UK Tax definition

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Stamp duty

The UK Government levies a tax called Stamp duty on the sale of a property, payable when the conveyance of the property takes place. It is a tax which is imposed on the filing of certain documents relating to the transfer of ownership. The rates of stamp duty vary depending on the value of the property.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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