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Property Tax
If you buy a property in the UK over a certain purchase price you
have to pay Stamp Duty Land Tax (SDLT) - previously known as
Stamp Duty. This is charged on all purchases of houses, flats and
other land and buildings.





SDLT replaced Stamp Duty in December 2003 and is a tax on the
purchase price of land and buildings. When you buy a property
you may have to pay SDLT.
Purchase price of residential property
Rate of SDLT (percentage of the total
purchase price)
£0 - £125,000
0%
£125,001 - £250,000
1%
£250,001 - £500,000
3%
£500,001 or more
4%

United Kingdom Council Tax Home Page
" Are You Paying too Much?"
Council Tax is the system of local taxation used in England,
Scotland and Wales to part fund the services provided by local
government in each country. It was introduced in 1993 by the
Local Government Finance Act 1992, as a successor to the
unpopular Community Charge.

The basis for the tax is residential property value, with discounts
for single and deserving people. As of 2006, the average annual
levy on a property in England was £1,056.