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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 – 250,0000%
250,001 – 925,0005%
925,001 – 1,500,00010%
1,500,001 and above12%

 

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 £625,000. The rates apply to the portion of the total value which falls within each band.

 

NON-RESIDENTIAL SDLT RATES

Consideration (£)Rate
0 – 150,0000%
150,001 – 250,0002%
Over 250,0005%

Payable on consideration which falls in each band.