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 – 250,000 | 0% |
| 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 £625,000. The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate |
| 0 – 425,000 | 0% |
| 425,001 – 625,000 | 5% |
| for purchases over 625,000 | 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.
- 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. The following rates apply to 30 June 2021:
| Consideration (£) | Rate |
| 0 – 500,000 | 0% |
| 500,001 – 925,000 | 5% |
| 925,001 – 1,500,000 | 10% |
| 1,500,001 and above | 12% |
The following rates apply from 1 July to 30 September 2021:
| Consideration (£) | Rate |
| 0 – 250,000 | 0% |
| 250,001 – 925,000 | 5% |
| 925,001 – 1,500,000 | 10% |
| 1,500,001 and above | 12% |
The following rates apply from 1 October 2021:
| 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 3% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief
From 1 July 2021 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.
- 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 – 500,000 | 0% |
| 500,001 – 925,000 | 5% |
| 925,001 – 1,500,000 | 10% |
| 1,500,001 and above | 12% |
Rates apply form 8 July 2020 to 30 June 2021.
These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
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.