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The rates apply to the portion of the total value which falls within each band.
|0 - 125,000||0%|
|125,001 - 250,000||2%|
|250,001 - 925,000||5%|
|925,001 - 1,500,000||10%|
|1,500,001 and above||12%|
These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief
First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £500,000. The rates apply to the portion of the total value which falls within each band.
|0 - 300,000||0%|
|300,001 - 500,000||5%|
|for purchases over 500,000||normal rates apply|
|0 - 150,000||0%|
|150,001 - 250,000||2%|
Payable on consideration which falls in each band.
I would not hesitate to recommend the team at Sence, regardless of how long you have been in business and irrespective of the size of your business.