Stamp Duty Reforms as of 4 December 2014

Stamp Duty Reform of residential property stamp duty so that rates apply only to that part of the property price that falls within each band

0% paid for the first £125,000

Then 2% on the portion up to £250,000

5% up to £925,000

Then 10% up to £1.5m

12% on anything above that,

This is a link to a useful HMRC stamp duty calculator – http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm