So many of us are not aware and unprepared for the news that comes when they discover how much we have to pay, on top of the purchase price, in stamp duty. Stamp duty is a term used for land transfer duty. Put simply, it’s a tax that we pay to have a property transferred into our own name. The amount payable is calculated as a % of the value or purchase price of the property. Check out this easy to use calculator here.
Stamp Duty Calculator
This easy to read article by Nat Stevens is a must. How to avoid paying stamp duty by Nat Stevens