Stamp Duty Land Tax

Normally referred to as Stamp Duty or plain 'Stamp'.  This is a Government tax on property transactions.  The rate varies depending on 4 things; are you a first-time buyer?  The value of your Purchase.  Is it in a Disadvantaged Area and is residential property.  For up to date rates either get a conveyancing quote which will include a calculation or visit the HMRC web site.