|
Insurance Premium Tax is levied on general
insurance premiums at a rate of 5%.
Stamp duty is levied on certain types of asset
disposal. When you sell shares - then stamp duty
is levied at 0.5% of the value.
While the sale of primary residences is exempt
from capital gains tax, stamp duty is levied at
the following rates, dependent on the value of
the house.
|
Value of House |
Rate of Stamp Duty |
|
less than £60,000
£60,001 to £250,000
£250,001 to £500,000
More than £501,000 |
0.0%
1.0%
3.0%
4.0% |
|
