Stamp Duty.

Stamp Duty is the tax you pay when you buy property, and is also known as ‘Stamp Duty Land Tax.’

Stamp Duty Land Tax When You Buy Property.
You pay Stamp Duty Land Tax on property like houses, flats, other buildings and land. If the purchase price is £15,000 or less (effective 23 March 2006), you don´t pay any Stamp Duty Land Tax at all. If it´s more than £150,000, you pay between one and four per cent of the whole purchase price, on a sliding scale.

Latest Rates.

For further details, please check out the official government site here.