Stamp Duty Land Tax Rates

How much tax will you have to pay when buying a property in the UK?

You have to pay Stamp Duty Land Tax when buying a property in the UK over a certain price. This is charged on all purchases of houses, flats and other land and buildings.

Land and Buildings Transaction Tax – England and Wales

First Time Buyers

You are eligible if you and anyone else you’re buying with, are first-time buyers and purchasing a property up to £500,000.

BandFirst Time Buyer
Up to £300,0000%
£300,001 and £500,0005%

Standard Residential and 2nd Home

Since 4th December 2014, you will only pay the rate of tax on the part of the property price within each tax band. (This is similar to how income tax is calculated). 

From 1 April 2016, the Buy-to-let/second home rates were introduced and are 3 percentage points above the current SDLT (Stamp Duty Land Tax) residential rates. They are also charged on the portion of the value of the property that falls into each band.

BandStandard RateBuy-To-Let/2nd Home
Up to £125,0000%3%
£125,001 to £250,0002%5%
£250,001 to £925,0005%8%
£925,001 to £1,500,00010%13%
£1,500,000 and over12%15%

Example:
If you buy a property for £275,000, you’ll pay £3,750 of Stamp Duty. This is made up of:

  • nothing on the first £125,000
  • £2,500 on the next £125,000
  • £1,250 on the remaining £25,000

Land and Buildings Transaction Tax – Scotland 

Land and Buildings Transaction Tax replaced stamp duty on 1st April 2015. You will only pay the rate of tax on the part of the property price within each tax band. (This is similar to how income tax is calculated).

Purchase Price or Transfer ValueStamp Duty Rate
Up to £145,0000%
Over £145,001 to £250,0002%
Over £250,001 to £325,0005%
Over £325,001 to £750,00010%
£750,000 and over12%

You can use this Stamp Duty Calculator to help you work out how much Stamp Duty you will have to pay. 

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