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Stamp Duty Land Tax (SDLT) Rates

Do you know your Stamp Duty Rates? Stamp Duty Land Tax (SDLT) must be paid when buying a property in England, Wales and Northern Ireland

A similar charge exists is Scotland as well, it is called Land and Building Transaction Tax (LBTT) there; this is effectively identical to the SDLT of the rest of the UK, but has different minimum and maximum thresholds and Stamp Duty rates.

At a glance, the government issued rates of Stamp Duty Tax seem fairly simple, but different types of property ownership will incur their own separate and unique charges. The easiest and most straightforward cost, however, is when moving home is for those residential buyers simply changing their only home.

Stamp Duty rates begin at 2% of the price on properties selling for anything above £125,000, rising to 5% on the next £675,000, 10% of any further £575,000 and finally 12% on any price above £1.5 million.

Minimum property purchase price Maximum property purchase price Stamp Duty rate (only applies only to that part of the property price that falls within each band)
£0 £125,000 0%
£125,001 £250,000 2%
£250,001 £925,000 5%
£925,001 £1.5 million 10%
Over £1.5 million 12%

For example, if your new home costs £175,000 you’ll pay £1,000 (2% of the property value that falls within the relevant band).

The Different Stamp Duty Rates Explained

At a glance, the government issued rates of Stamp Duty Tax seem fairly simple, but different types of property ownership will incur their own separate and unique charges. The easiest and most straightforward cost, however, is when moving home is for those residential buyers simply changing their only home. Stamp Duty rates begin at 2% of the price on properties selling for anything above £125,000, rising to 5% on the next £675,000, 10% of any further £575,000 and finally 12% on any price above £1.5 million.

Government rules become more complicated for anyone buying an additional property after their first, either for buy-to-let, a holiday home or for family reasons. Different rules exist for what is known as ‘non-residential and mixed use land’, which includes commercial property such as retail units and offices, land used for agriculture and forestry, any non-residential land or six or more residential units that are bought in one transaction.

Alternatively your property could fall under ‘Mixed use’; this referring to any property that falls into both of the above categories, both residential and non-residential, such as flats above shops or other commercial property. The threshold for these types of property begins at £150,000: between £150,000 and £250,000, the Stamp Duty rate is 2%, and any amount above £250,000 incurs a charge of 5%.

A property’s value is also known as the ‘consideration’, this in most cases being the amount that is paid for the property, although may include various other factors. These may include transfer of or release from a debt, which may take into account the value of any outstanding mortgage, services, work, or any goods associated with the property.

In some cases, it may be possible to claim relief from SDLT. There are many situations where it is possible to make a claim, such as:

  • purchase of multiple dwellings
  • a home bought by a building company
  • an employee’s home bought by his or her employer
  • a property bought by a local authority as a compulsory purchase
  • transfer of a property from one company to another
  • charities, right-to-buy or registered social landlords.

After all that, this may seem overly-complicated suddenly, this isn’t the case if you make use of our handy Stamp Duty calculator. Our Stamp Duty calculator is supported by a dedicated and experienced team, keeping track of of any likely changes to Stamp Duty, so our calculator will always be updated with the latest correct information on the cost of moving home for our visitors.

As an additional note: buying a property at any price range, even if it is below the threshold for Stamp Duty, you will be required to fill in and an SDLT return and pay the tax in full within 30 days of their completion date. Some may find themselves able to fill in this paperwork themselves, but in the majority of cases we recommend leaving this in the care of an experienced conveyancing solicitor.

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