- SDLT is payable on land and property transactions in England and Northern Ireland.
- Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT).
- Property transactions in Wales are subject to Land Transaction Tax (LTT).
The rates apply to the portion of the total value which falls within each band.
|0 – 125,000||0%|
|125,001 – 250,000||2%|
|250,001 – 925,000||5%|
|925,001 – 1,500,000||10%|
|1,500,001 and above||12%|
These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief
First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £500,000. The rates apply to the portion of the total value which falls within each band.
|0 – 300,000||0%|
|300,001 – 500,000||5%|
|for purchases over 500,000||normal rates apply|
Non-residential SDLT rates
|0 – 150,000||0%|
|150,001 – 250,000||2%|
Payable on consideration which falls in each band.