Stamp Duty Land Tax (SDLT)
- 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).
Residential property
The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate |
|---|---|
| 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 5% where further residential properties, costing over £40,000, are acquired on or after 30 October 2024 and by 3% before that date.
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.
| Consideration (£) | Rate |
|---|---|
| 0 - 300,000 | 0% |
| 300,001 - 500,000 | 5% |
| for purchases over 500,000 | normal rates apply |
NON-RESIDENTIAL SDLT RATES
| Consideration (£) | Rate |
|---|---|
| 0 – 150,000 | 0% |
| 150,001 – 250,000 | 2% |
| Over 250,000 | 5% |
Payable on consideration which falls in each band.