Stamp Duty Land Tax

You are here: Home » News & Views » Stamp Duty Land Tax

  • For your business
Image for Stamp Duty Land Tax

If you buy a property or land over a certain price in England and Northern Ireland you must pay Stamp Duty Land Tax (SDLT).

Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT); and 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.

Stamp Duty Land Tax (SDLT)

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

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

Over 500,000

Normal rates apply


The rates apply to the portion of the total value which falls within each band.

Consideration (£)

Rate (%)

0 - 150,000

0

150,001 - 250,000

2

Over 250,000

5

Land and Buildings Transaction Tax

Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.

Residential property

Consideration (£)

Rate (%)

0 - 145,000

0

145,001 - 250,000

2

250,001 - 325,000

5

325,001 - 750,000

10

750,001 and above

12

The rates apply to the portion of the total value which falls within each band.

Rates may be increased by 4% (3% prior to 25 January 2019) where further residential properties, costing over £40,000, are acquired.

First-time buyer relief raises the zero tax threshold for first-time buyers from £145,000 to £175,000.

Non-residential property

Consideration (£)

Rate (%)

0 - 150,000

0

150,001 - 250,000

1

Over 250,000

5

The rates apply to the portion of the total value which falls within each band. Different rates and bands applied prior to 25 January 2019.

Land Transaction Tax

Land Transaction Tax (LTT) is payable on land and property transactions in Wales.

Residential property

Consideration (£)

Rate (%)

0 - 180,000

0

180,001 - 250,000

3.5

250,001 - 400,000

5

400,001 - 750,000

7.5

750,001 - 1,500,000

10

1,500,000 and above

12


The rates apply to the portion of the total value which falls within each band. Rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.

Non-residential property

Consideration (£)

Rate (%)

0 - 150,000

0

150,000 - 250,000

1

250,001 - 1,000,000

5

Over 1,000,000

6


The rates apply to the portion of the total value which falls within each band.

All figures correct as of October 2019.