What You Need to Know About Stamp Duty in 2021

The Stamp Duty holiday is coming to an end. So here's what homeowners need to know about this tax in 2021

Faith Glasgow 2 August, 2021 | 9:39AM
Facebook Twitter LinkedIn

graphic of calculator and debt

Stamp duty is a tax that is much-hated by many a homebuyer. Just as you're handing over thousands of pounds in deposits, mortgage charges and solicitor fees, you're hit with a levy on the price of the property you're buying.

And in recent years, Stamp Duty has got even more confusing, with a number of rule changes including an additional levy for second homes, a reprieve for first-time buyers, and a holiday through the Covid-19 pandemic. So here's what you need to know about Stamp Duty right now. 

What is Stamp Duty? 

Stamp Duty was originally introduced in England in 1694 to raise money for the war against France, but has stuck as a tax on the purchase of assets including property and shares, and a legal record of those transactions.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Faith Glasgow  Faith Glasgow is a freelance journalist specialising in pensions and investment trusts

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement