Section Navigation:
Other Taxes
VAT
Value Added Tax (VAT) is a tax charged on most business transactions made in the UK or the Isle of Man.
It is also charged on goods, and some services, imported from
places outside the European Union and on goods and some services coming
into the UK from the other EU countries.
VAT is charged at 17.5% on most items.
Stamp duty
Stamp duty is payable whenever you buy a property, except properties in certain designated disadvantaged areas.
The rates are as follows:
Value of property
- Up to and including £120,000: nil
- Over £120,000: 1%
There are some exceptions to this rule.
Further information can be found at: www.hmrc.gov.uk/so/index.htm
Register for updates
Enter your details to receive email updates for Scotland is the Place. More about registration