Do I have to pay Stamp Duty Land Tax (SDLT)?

Whether you pay SDLT is dependent upon the purchase or lease value of the property. Currently, on a purchase, if the cost of the property is between £150,000 and £250,000 SDLT is charged on the whole of the purchase price at 1%. Between £250,000 and £500,000 it is 3% of the whole price and above…