{"id":243,"date":"2019-09-12T09:36:52","date_gmt":"2019-09-12T08:36:52","guid":{"rendered":"http:\/\/pwdp.uk\/rlpm\/wordpress\/?p=243"},"modified":"2019-09-12T09:36:52","modified_gmt":"2019-09-12T08:36:52","slug":"what-property-tax-do-i-need-to-pay","status":"publish","type":"post","link":"https:\/\/pwdp.uk\/rlpm\/wordpress\/what-property-tax-do-i-need-to-pay\/","title":{"rendered":"What property tax do I need to pay?"},"content":{"rendered":"\n<p>There are different forms of property tax that needs to be considered when selling and purchasing a property &#8211; Stamp Duty Land Tax and Capital Gain Tax.<\/p>\n\n\n\n<p><strong>Stamp Duty Land Tax<\/strong><\/p>\n\n\n\n<p>Stamp Duty Land Tax is a lump sum of money that is paid when\u00a0purchasing\u00a0a property for \u00a3125,000 or more, however if you are a first time buyer Stamp Duty isn&#8217;t due for any purchase under \u00a3300,000. The government provides a <a href=\"https:\/\/www.tax.service.gov.uk\/calculate-stamp-duty-land-tax\/#\/intro\">Stamp Duty Land Tax calculator<\/a>. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.gov.uk\/stamp-duty-land-tax\">Click here<\/a> for further information regarding Stamp Duty Land Tax.<\/p>\n\n\n\n<p><strong>Capital Gains Tax<\/strong><\/p>\n\n\n\n<p>Capital Gains Tax may apply when selling a property, however there are circumstances where this tax does not apply.  \u201cYou don\u2019t pay Capital Gains Tax when you sell (or \u2018dispose of\u2019) your home if all of the following apply:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>you\u2019ve lived in it as your main home for all the time you\u2019ve owned it<\/li><li>you haven\u2019t let part of it out or used part of it for business only<\/li><li>he grounds, including the buildings, are smaller than 5,000 square metres (just over an acre). &#8220;<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.gov.uk\/capital-gains-tax\">Click here <\/a>for further information regarding Capital Gains Tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are different forms of property tax that needs to be considered when selling and purchasing a property &#8211; Stamp Duty Land Tax and Capital Gain Tax. Stamp Duty Land Tax Stamp Duty Land Tax is a lump sum of money that is paid when\u00a0purchasing\u00a0a property for \u00a3125,000 or more, however if you are a &hellip; <a href=\"https:\/\/pwdp.uk\/rlpm\/wordpress\/what-property-tax-do-i-need-to-pay\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What property tax do I need to pay?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-243","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/posts\/243"}],"collection":[{"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":1,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"predecessor-version":[{"id":244,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/posts\/243\/revisions\/244"}],"wp:attachment":[{"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwdp.uk\/rlpm\/wordpress\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}