If you purchase a residential property between 1 July 2021 to 30 September 2021, you only start to pay Stamp Duty on the amount that you pay for the property above £250,000.
|Property or lease premium or transfer value||SDLT rate|
|Up to £250,000||zero|
|The next £675,000 (the portion from £250,001 to £925,000)||5%|
|The next £575,000 (the portion from £925,001 to £1.5 million)||10%|
|The remaining amount (the portion above £1.5 million)||12%|
Should you wish for more information you can visit the following government website: https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates