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Stamp Duty Land Tax (SDLT) 

If you buy a property for more than £125,000, you will pay Stamp Duty Land Tax (SDLT).

The amount payable depends on the purchase price of the property.

You don’t pay any SDLT if you pay £125,000 or less for your home purchase. (There will be 3% to pay if it is a buy to let or second home purchase)

Please refer to the tables below to see how much you will have to pay - depending on type of property and the price.

You will only pay the rate of tax on the part of the property price within each tax band – like income tax apart from the 3% addition which alpplies to the whole purchase price of a property which is not your main residence).

Residential properties SDLT rates

Purchase price of property  - Rate of SDLT (add the amount of the percentage of the total purchase price in each band) 

Price Range Tax (Home purchase) Add (if Second Home or Buy-to-let After 1st April) Total tax
£0 - £125,000 0% 3% 3%
£125,001 - £250,000 2% 3% 5%
£250,001 - £925,000 5% 3% 8%
£925,001 - £1.5 million 10% 13% 13%
Over £1.5 million 12% 15% 15%

Examples:

On a £150,000 house purchase there will be no tax to pay on the first £125,000, then 2% on the remaining £25,000, which is a total bill of £500. If the purchase is a property to let or a second home add 3% to the total. (£500 + £4,500 = £5,000.)

On a purchase of £185,000. Nothing on the first £125,000 and 2% on the remaining £60,000. This works out as £1,200. However, if the purchase is not your main residence (sccond home or a property you will let out) there is an additional 3% of the whole sum to pay (£1,200 + £5,550 = £6,750)

On a £300,000 house purchase there would be no tax to pay on the first £125,000, then 2% on the next £125,000 (£2,500) and 5% on the last £50,000 (£2,500). That’s a total £5,000. If the purchase is a second home there is an additional 3% on the whole purchase price (£5,000 + £9,000 = £14,000)

The above information is to provided as a guide and should not be relied upon by buyers or sellars - please take advice before making any commitment to buy or sell.


Please note the  Disadvantaged Areas Relief for properties between £125,000 and £150,000 has been removed.

Non - Residential properties

Transfer value  - Rate of SDLT (percentage of the total purchase price)

The changes from December 2014 do not affect Commercial property which remain as follows:

Up to £150,000 - annual rent is less than £1,000 = Zero
Up to £150,000 - annual rent is £1,000 or more = 1%
Over £150,000 to £250,000 = 1%
Over £250,000 to £500,000 = 3%
Over £500,000 = 4%


The above information is to provided as a guide and should not be relied upon by buyers or sellars - please take advice before making any commitment to buy or sell.