Stamp Duty is a tax that is levied on the purchase of residential property in the UK. It is also known as Stamp Duty Land Tax (SDLT). The amount of stamp duty payable is calculated as a percentage of the purchase price of the property, and the rate of stamp duty varies depending on the value of the property.

In England and Northern Ireland, the current stamp duty rates for residential property are:

• Up to £125,000: 0%
• £125,001 to £250,000: 2%
• £250,001 to £925,000: 5%
• £925,001 to £1.5 million: 10%
• Above £1.5 million: 12%

In Scotland, the equivalent tax is called Land and Buildings Transaction Tax (LBTT), and the rates are:

• Up to £145,000: 0%
• £145,001 to £250,000: 2%
• £250,001 to £325,000: 5%
• £325,001 to £750,000: 10%
• Above £750,000: 12%

In Wales, the equivalent tax is called Land Transaction Tax (LTT), and the rates are:

• Up to £180,000: 0%
• £180,001 to £250,000: 3.5%
• £250,001 to £400,000: 5%
• £400,001 to £750,000: 7.5%
• £750,001 to £1.5 million: 10%
• Above £1.5 million: 12%

It's important to note that stamp duty rates and rules can change, and there may be different rates for first-time buyers, second homes or buy-to-let properties. It's always a good idea to seek professional advice from a tax or property specialist if you're unsure about how much stamp duty you need to pay.