What is stamp duty? Stamp Duty Land Tax (SDLT), or stamp duty for short, is a tax you pay when buying a residential home or piece of land in England and Northern Ireland. Stamp duty also needs to be paid on non-residential property and land, but at different rates. The tax applies...
In Scotland it's 'Land and Buildings Transaction Tax'. In Wales buyers pay 'Land Transaction Tax'. The amount handed to the government depends on where you are in the UK, and the price of the property. Stamp duty (SDLT) applies if the property is over £125,000. This tax is also...
These are accounted for in the return assumptions that follow. The number you’re left with is how much you should be saving a year. Now take your total savings and perform the following calculation as provided by UK early retirement blogger The Firestarter: Total Savings2 / ( Total Savings...