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Other useful links when buying a property in West Yorkshire

Other than the Stamp Duty Calculator, we have provided you with some useful links to other services that you may require when buying a property in West Yorkshire.

 

West Yorkshire Calculate Stamp Duty Calculator (SDLT) tax for buying a home or property in West Yorkshire for £715,000

Calculate your Stamp Duty (SDLT) for purchasing a property in West Yorkshire for £715,000

Common questions about Stamp Duty & SDLT when buying a property in West Yorkshire for 715,000

  • How much stamp duty will I have to pay when buying a house in West Yorkshire for £715,000?
  • How can I calculate my Stamp Duty Land Tax liability (SDLT) when buying a home in West Yorkshire for £715,000?
  • Does my solicitor or conveyancer pay my Stamp Duty on my behalf when buying a property in West Yorkshire for £715,000?
  • I am buying a property in West Yorkshire for £715,000. How much Stamp Duty will I have to pay?
  • How much Stamp Duty will I pay on £715k when buying a property in West Yorkshire?
  • I need a house purchase Stamp Duty Calculator in West Yorkshire for £715,000

How to work out Stamp Duty (SDLT) when buying a property in West Yorkshire for £715,000

Calculate Stamp Duty Land Tax (SDLT) when buying a property in West Yorkshire for £715,000.

Calculate Stamp Duty has been setup as a simple website and tool to do just that ... Calculate your stamp duty land tax liability, when purchasing a new home or property in England, Wales and Northern Ireland.

When you buy a residential property in West Yorkshire that is greater than £125,000 then a Stamp Duty Tax levy is applicable.

I am buying a property in West Yorkshire, when is Stamp Duty Land Tax due? Which property transactions attract a Stamp Duty charge or SDLT?

Stamp Duty is due and payable if you:

  • buy a freehold or leasehold property in West Yorkshire
  • buy a property through a shared ownership scheme in West Yorkshire
  • If you take a property in lieu of a payment in West Yorkshire

Rates of Stamp Duty in England, Wales and Northern Ireland when buying a residential property in West Yorkshire for £715,000

From 4th December 2014 the Stamp Duty Land Tax system was overhauled by the UK Government. The old slab style system of taxation was replaced with a progressive tax system similar to UK income tax. The new residential rates are calculated as follows:

  • 0% on the first £125,000 of the property price - nothing to pay
  • 2% on the next £125,000
  • 5% on the next £675,000
  • 10% on the next £575,000
  • 12% on the rest (above £1.5 million)

New Rates of Stamp Duty (SDLT) that come into effect from 1st April 2016 for buying properties in West Yorkshire for £715,000

From the 1st April 2016, Stamp Duty rates for anyone purchasing an additional property in West Yorkshire will change. Additional property includes buy to let investments and second homes in West Yorkshire. Each bracket will essentially attract an additional 3% surcharge. The rates will be as follows:

  • 3% on the first £125,000 of the property price
  • 5% on the next £125,000
  • 8% on the next £675,000
  • 13% on the next £575,000
  • 15% on the rest (above £1.5 million)

Second Properties, Buy-To-Let and Second Homes in West Yorkshire that are purchased for £40,000 or less

Anybody purchasing a second home, buy-to-let property or additional home in West Yorkshire that is under £40,000, will not have to pay any Stamp Duty on the transaction.

Are there any properties that are exempt from these changes?

You will not be liable for the higher rate of stamp duty (sdlt) if your residential property is:

  • a caravan, mobile home or houseboat
  • outside England, Wales and Northern Ireland

What about Foreign Investors or people that own a property abroad, but are also looking to buy a second home in West Yorkshire?

These people will also pay the higher rate of Stamp Duty, if you buy a residential property in England, Wales or Northern Ireland and you already own one outside these countries.

What about Stamp Duty in Scotland?

Stamp Duty Land Tax no longer applies in Scotland. Instead you pay Land and Buildings Transaction Tax when you buy a property.

What about Stamp Duty (SDLT) relief for First Time Buyers in West Yorkshire?

As of March 2012, the UK Government abolished stamp duty relief for First Time Buyers.

When buying in West Yorkshire, when does Stamp Duty (SDLT) have to be paid to HMRC?

The SDLT tax must be paid within 30 days of completion.

Your Conveyancer or Property Solicitor in West Yorkshire files this return for you. You can save yourself time and money and get a West Yorkshire cheap conveyancing quote online now. Note: Be sure to find a Conveyancing Solicitor or Property Lawyer that offers a fixed fee conveyancing quote in West Yorkshire, this way you will avoid any nasty surprises or hidden fees..

Important Note:

Please make sure that before you exchange on your property, that you have accounted for the amount of Stamp Duty Tax that is due and that you have the funds available, to allow for the tax to be paid promptly. If you or your conveyancing solicitor does not file this in time, you could face a hefty fine.

Stamp Duty Calculations for purchasing a property in other towns and cities in England, Wales & Northern Ireland

SDLT Calculations and liability when buying a property in other counties and locations in England, Wales and Northern Ireland

Who owns and operates Calculate Stamp Duty?

Calculate Stamp Duty is owned and operated by The Conveyancing Network (TCN). Our technology and software is utilised in the UK property market for conveyancing, surveying, mortgages and calculator tools such as Calculate Stamp Duty.

What is Stamp Duty (SDLT) and why do we have to pay it?

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.