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 - 125,0000%
125,001 - 250,0002%
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 £500,000. The rates apply to the portion of the total value which falls within each band.

Consideration (£)Rate
0 - 300,0000%
300,001 - 500,0005%
for purchases over 500,000normal rates apply

Non-residential SDLT rates

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

Payable on consideration which falls in each band.