Under the latest government rules you may pay Stamp Duty at several different rates, depending on
the purchase price. Under the old rules, there were several different Stamp Duty rates, but you as a homebuyer,
paid the same rate on the whole purchase price.
New LBTT rates were introduced from April 2015. Under the new LBTT system buyers pay tax on amounts between bands, not on the full purchase price of a property.