Source: HM Treasury
The new rules started on 4 December 2014. This change applies to you if you are buying a home in the UK for over £125,000.
Stamp Duty will be cut for 98% of people who pay it. If you’re buying a home for less than £937,500, you will pay less stamp duty, or the same.
In Scotland the new rates will apply until 1 April 2015, when the Land and Buildings Transaction Tax replaces stamp duty in Scotland.