PROPERTY TAXES

The amount of tax you pay when you buy a property depends on several factors including:

• the country the property is in
• how much you paid for it
• whether it is your main home.

First-time-buyers

People who buy a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.

In Scotland there is no Land and Building Transaction Tax for homes up to £145,000 for first time buyers.

There are no specific rules for first-time buyers in Wales.