From 1st October 2021 property purchased up to £125,000 will be exempt from Stamp Duty Land Tax (SDLT) unless it is purchased as a second home, in which case the 3% override will still apply.
Homes sold in excess of £125,000 will pay SDLT on a sliding scale. There are exemptions for first time purchasers.
Please contact your own legal adviser with any queries.
Calculate the duty payable here: