What is the residential SDLT rate for properties valued between £250,000 and £925,000?

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Multiple Choice

What is the residential SDLT rate for properties valued between £250,000 and £925,000?

Explanation:
Residential SDLT is charged in bands, with each portion of the property price falling into a different rate. For purchases between £250,000 and £925,000, the portion above £250,000 is taxed at 5%. The first £125,000 is 0%, and the next £125,000 (up to £250,000) is charged at 2%. So a price like £350,000 would have 0% on the first £125,000, 2% on the £125,000 up to £250,000, and 5% on the £100,000 above £250,000, illustrating why 5% is the rate that applies to that band.

Residential SDLT is charged in bands, with each portion of the property price falling into a different rate. For purchases between £250,000 and £925,000, the portion above £250,000 is taxed at 5%. The first £125,000 is 0%, and the next £125,000 (up to £250,000) is charged at 2%. So a price like £350,000 would have 0% on the first £125,000, 2% on the £125,000 up to £250,000, and 5% on the £100,000 above £250,000, illustrating why 5% is the rate that applies to that band.

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