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TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15979
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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How much is the stamp duty tax in the UK for value of of

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How much is the stamp duty tax in the UK for value of of property worth GBP 275,000. This is will be my first purchase property in the UK and I intend to use it as a residential holiday home only. I am British citizen living and working in Dubai and I own my own home in Dubai

Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.

Where in the UK is the property?

Customer: replied 1 year ago.
It is in Burcot, Abingdon, OX4 3BY

Thanks. I only needed to know which of the 4 countries it was in.

A 3% surcharge on the regular stamp duty rates was introduced for post 1 April 2016 purchases of residential property where the buyer already owns a property no matter where in the world that is unless the new purchase is replacing a previous main home. Take a look at the consultation results HERE. Paragraphs 1.5 and 1.38 will be of relevance to you.

Using the calculator HERE, the stamp duty charge on a £275,000 purchase will be £12,000.

I hope this helps but let me know if you have any further questions.

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Customer: replied 1 year ago.
Thank you for your service . I got what I wanted to know