You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
The current SDLT threshold is £125,000 for residential properties and there are different rules if you’re buying your first home. You get a discount (relief) that means you pay less or no tax if:
- you complete your purchase on or after 22 November 2017
- the purchase price is £500,000 or less
- you, and anyone else you’re buying with, are first-time buyers
For more information please refer to HMRC’s Stamp Duty Land Tax page or speak to an independent financial advisor. You can find information about independent financial advisors and guidance on how to find one that meets your needs here.
Stamp Duty Standard Rates
Property or lease premium or transfer value | SDLT Rate |
Up to £125k | 0% |
The next £125k (the portion from £125,001 to £250,000) | 2% |
The next £675k (the portion from £250,001 to £925,000) | 5% |
The next £575k (the portion from £925,001 to £1.5 million) | 10% |
The remaining amount (the portion above £1.5 million) | 12% |
First-time buyer (up to £500,000)
Property or lease premium or transfer value | SDLT Rate |
Up to £300k | 0% |
The next £200k (the portion from £300,001 to £500,000) | 5% |
Any property worth more than £500,000 pays the standard stamp duty rates as set out in the first table on the entire amount.
Buy to Let
Property or lease premium or transfer value | SDLT Rate |
Up to £125k | 3% |
The next £125k (the portion from £125,001 to £250,000) | 5% |
The next £675k (the portion from £250,001 to £925,000) | 8% |
The next £575k (the portion from £925,001 to £1.5 million) | 13% |
The remaining amount (the portion above £1.5 million) | 15% |