Spring pays Stamp Duty on some of the homes we buy. These transactions are considered additional properties so the Stamp Duty rate is 5% higher than standard Stamp Duty rates. For more about the Government’s Stamp Duty rates, click here.
If you are not stamp duty exempt as per the above, in all other cases, Spring will need to pay Stamp Duty and deduct it from your proceeds.
|Spring Offer||Stamp Duty Payable|
|Up to £125,000||5%|
|The next £125,000 (the portion from £125,001 to £250,000)||7%|
|The next £675,000 (the portion from £250,001 to £925,000)||10%|
|the next £575,000 (the portion from £925,001 to £1.5mil)||15%|
|Remaining amount (the portion over £1.5mil)||17%|