When purchasing a new home Stamp Duty may be payable. The amount due depends on the property value and type of buyer. Usually you have to pay an additional 3% Stamp Duty on additional properties up to £500,000.
However from 8th July 2020 until 30th June 2021 you will only pay 3% Stamp Duty on additional properties purchased (up to £500,000 and until 30th September 2021 for purchases up to £250,000).
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For more details on these discounts see:
For more information on Stamp Duty see: