Stamp Duty on a £145,000 Purchase in Harrogate

Harrogate Stamp Duty Calculator | Calculate SDLT Payable on a £145,000.00 house or apartment purchase in Harrogate

When buying a property in Harrogate for £145,000.00 you may be liable to pay Stamp Duty Land Tax on the property purchase. Use our Harrogate Stamp Duty Calculator below to workout the SDLT which you may be liable for:

Will the purchase of the property result in owning two or more properties?

Have you ever owned or part owned another property?

Will this property be your main residence?

Tax:

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Frequently asked questions about SDLT and Stamp Duty on a £145,000.00 purchase in Harrogate:

  • Do I have to pay Stamp Duty when buying a property in Harrogate for £145,000.00
  • I am a First Time Buyer in Harrogate at £145,000.00; do I have to pay Stamp Duty (SDLT)?
  • Do I have to pay Stamp Duty when buying a second property in Harrogate for £145,000.00
  • How much stamp duty do I have to pay when buying a property in Harrogate for £145,000.00?
  • What is the Higher Rate of SDLT for buying a property at £145,000.00 in Harrogate?

Stamp Duty for buying a residential property in Harrogate for £145,000.00

Stamp Duty is generally payable on the purchase of a property over £125,000.00. As of April 2019, the following bands of stamp duty apply to buying a residential property in Harrogate:

Property Value Stamp duty rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £255,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5m) 10%
The remaining amount (the portion above £1.5m) 12%

Other Rates of SDLT for buying a residential property in Harrogate for £145,000.00.

There are currently a few variations on the stamp duty land tax payable in Harrogate, depending on your circumstances. The most common exceptions are as follows:

Stamp Duty rates for buying a second property in Harrogate for £145,000.00.

Where the purchase of the property results in you owning 2 or more properties, and you are not replacing your main residence (by way of, for example, sale), then higher rates of stamp duty will probably apply. This can be also true where a spouse or civil partner owns an interest in a property, even if they are not a party to the transaction. Where this is the case then an additional 3% tax becomes payable where the purchase price is over £39,999.99. So the new tax brackets are as follows:

Property Value Additional Property

Stamp duty rate
Up to £125,000 3%
The next £125,000 (the portion from £125,001 to £255,000) 5%
The next £675,000 (the portion from £250,001 to £925,000) 8%
The next £575,000 (the portion from £925,001 to £1.5m) 13%
The remaining amount (the portion above £1.5m) 15%

It should be noted that an interest in a property anywhere in the world, not just in Harrogate, should be taken in to account.

What are the First Time Buyer Stamp Duty rates for buying a property in Harrogate for £145,000.00?

Currently there is a Stamp Duty (SDLT) exemption and discount for first time buyers in Harrogate on properties up to £500,000.00. The rates for first time buyers in Harrogate are:

  • Up to £300,000.00 – no tax payable.
  • £300,0001 – £500,000 – 5% on that portion of the purchase price.

Stamp duty relief is not applicable to purchases of properties over £500,000.00.

To qualify for first time buyer stamp duty relief in Harrogate, all parties to the transaction must be first-time buyers.

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When do I have to pay Stamp Duty Land Tax for my £145,000.00 Harrogate Property purchase?

Stamp Duty is potentially payable on the following kinds of transactions:

  • When you buy a property in Harrogate.
  • When you buy a share of a property in Harrogate.
  • When you acquire a Harrogate property instead of payment for services etc.
  • Where you acquire or take an interest in a Harrogate property, even if you are not named on the Title Deeds to the property.

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Who can advise me further on Stamp Duty Land Transaction and SDLT when buying a £145,000.00 property in Harrogate?

Most Property Solicitors and Conveyancers in Harrogate should be able to give you specific advice on your stamp duty liability when purchasing a flat, apartment or house in Harrogate. You should always check the figures payable with your legal advisor as Stamp Duty Land Tax rules can change on any given day. You can always contact HMRC for further guidance.

What Stamp Duty is Payable when buying a Harrogate Right to Buy Council Property for £145,000.00?

On any Harrogate Right to Buy Purchase, the Stamp Duty payable is on the Discounted Purchase Price. So if the Discounted Price is £145,000.00 then this is the figure you should work out your SDLT liability on. Useful for getting further advice are these Council Right to Buy Property Purchase Solicitors in Harrogate.

This site is for guidance only and should only be used as such, and not relied upon when calculating your stamp duty liability. We cannot accept any responsibility for any errors or omissions, and you should always consult your legal advisor before making any decisions or committing to purchase a property.