| Stamp duty is a tax charged when you buy shares, land or property. |
| Tax on shares You pay 0.5 per cent in stamp duty whenever you buy UK shares. That’s £5 whenever you buy £1,000 worth of shares. It is levied on all UK share purchases, even those made under the umbrella of tax-free products such as ISAs and pensions. It is estimated that it costs everyone with a pension scheme £3 a week in transaction charges. You don’t pay UK stamp duty if you buy shares quoted on overseas stock exchanges. |
| Tax on your home You pay up to 4 per cent in stamp duty when you buy property in the UK, whether leasehold or freehold. The rate charged goes up in stages. You pay: |
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You pay whichever rate applies on the full purchase price. For example, a £700,000 house would involve stamp duty of £28,000. |
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