Stamp Duty Land Tax (SLDT)
on Property Purchases
Residential Property | SLDT Rate |
up to £125,000 | 0% |
Over £125,000 to £250,000* | 1% |
Over £250,000 to £500,000 | 3% |
Over £500,000 | 4% |
You pay Stamp Duty Land Tax on property like houses, flats, other buildings and land.
The table below applies for all freehold residential purchases and transfers and the premium paid for a new lease or the assignment of an existing lease. (If the property will be used for both residential and non-residential purposes the rates differ).
*From 25 March 2010 for two years, first-time buyers will not have to pay SDLT on purchase prices up to £250,000.
If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £180,000 is charged at 1 per cent, so £1,800 must be paid in SDLT. A house bought for £350,000 is charged at 3 per cent, so SDLT of £10,500 is payable.
If you're buying a property in an area designated by the government as 'disadvantaged', you don't pay any Stamp Duty Land Tax if the purchase price is £150,000 or less.
Page last updated 24 Mar 2010