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This is a charge levied by the government on house purchases. There is a sliding scale of stamp duty depending upon the value of the property you are buying: Up to £125,000 - nil £125,001 to £250,000 - 1% of the purchase price of the property £250,001 to £500,000 - 3% of the purchase price of the property More than £500,000 - 4% of the purchase price of the property
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