If you buy a property in the UK over a certain purchase price you have to pay Stamp Duty Land Tax (SDLT) - previously known as Stamp Duty. This is charged on all purchases of houses, flats and other land and buildings.
SDLT replaced Stamp Duty in December 2003 and is a tax on the purchase price of land and buildings. When you buy a property you may have to pay SDLT.
Purchase price of residential property
Rate of SDLT (percentage of the total purchase price)
£0 - £125,000
0%
£125,001 - £250,000
1%
£250,001 - £500,000
3%
£500,001 or more
4%
United Kingdom Council Tax Home Page
" Are You Paying too Much?"
Council Tax is the system of local taxation used in England, Scotland and Wales to part fund the services provided by local government in each country. It was introduced in 1993 by the Local Government Finance Act 1992, as a successor to the unpopular Community Charge.
The basis for the tax is residential property value, with discounts for single and deserving people. As of 2006, the average annual levy on a property in England was £1,056.