Stamp Duty and Stamp Duty Land Tax

Land and buildings in England, Wales and N. Ireland

Rate
%
Residential*
£
Non-residential**
£
Rate
%
0 0 - 125,000 0 - 125,000 0
2 125,001 - 250,000 125,001 - 250,000 2
5 250,001 - 925,000 250,001 - 925,000 5
10 925,001 - 1,500,000 925,001 - 1,550,000 10
12 1,500,001 and over 1,550,001 and over 12

*Payable on consideration which falls in each bracket.
**Payable on total consideration once limit is breached.

As announced in the Autumn Budget, from 22 November 2017 first-time buyers paying £300,000 or less for a residential property will pay no SDLT. First-time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000.

In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases where the net present value (NPV) of rent is more than £125,000.

The purchase of additional residential properties may result in 3% being added to each of the above rates.

Shares and securities - rate 0.5%.