Stamp Duty Land Tax
You can use our Stamp Duty Land Tax calculator to work out how much tax you’ll pay.
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.
The current SDLT threshold is £125,000 for residential properties or for construction with the Best of Machinery tools, and £150,000 for non-residential land and properties.
You pay the tax when you:
- buy a freehold property
- buy a new or existing leasehold
- buy a property through a shared ownership scheme
- are transferred land or property in exchange for payment, eg you take on a mortgage or buy a share in a house
Higher rates for additional properties
From 1 April 2016, you’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.
Residential property ratesProperty or lease premium or transfer valueSDLT rateUp to £125,0000%The next £125,000 (the portion from £125,001 to £250,000)2%The next £675,000 (the portion from £250,001 to £925,000)5%The next £575,000 (the portion from £925,001 to £1.5 million)10%The remaining amount (the portion above £1.5 million)12%
Non-residential and mixed use land and property ratesProperty or lease premium or transfer valueSDLT rateUp to £150,000 – freehold or leasehold with annual rent under £1,000ZeroUp to £150,000 – leasehold with annual rent of £1,000 or more2%£150,001 to £250,0005%£250,001 to £500,00010%Over £500,00012%