Stamp Duty & Stamp Duty Land Tax (SDLT)

Stamp Duty and Annual Tax on Enveloped Dwellings

Shares and securities rate 0.5% 

The annual tax on Enveloped Dwellings (ATED) is payable by certain non-natural
persons that own interests in dwellings valued at more than £500,000. 

Stamp Duty and Stamp Duty Land Tax (SDLT)
Property in England and N. Ireland

Rate

Residential Property

Zero

£0 - £125,000

2%

£125,001 - £250,000

5%

£250,001 - £925,000

10%

£925,001 - £1,500,000

12%

Over £1,500,000

The temporary SDLT holiday extending the nil rate band to £500,000 applies until 30 June 2021.
From 1 July 2021 to 30 September 2021 the nil rate band reduces to £250,000 returning to the standard amount of £125,000 on 1 October 2021.

No SDLT is payable for first-time buyers making a purchase of up to £300,000. The first-time buyers rate is superseded by the temporary SDLT holiday until 30 June 2021. The relief also applies to the first £300,000 for purchases up to £500,000. There is no relief available for first-time buyers spending more than £500,000 on a property. There are a number of requirements that must be met in order to qualify for the relief.

A 2% surcharge on non-UK residents purchasing residential property applies from 1 April 2021.

 SDLT on non-residential and mixed used properties.  

Rate

Non-Residential Property

Zero

£0 - £150,000

2%

£150,001 - £250,000

5%

Over £250,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

15% is applied to residential properties held in a 'corporate envelope' costing over £500,000.

There is a higher rate of SDLT that applies to purchases of additional residential property such as buy to let and second homes.

A higher rate of SDLT applies to purchases of additional residential property such as buy to let and second homes. This rate is 3% higher than the current SDLT rates.

Scotland: Land & buildings transaction tax (SLBTT)
Property in Scotland

Rate

Residential Property

Zero

£0 - £145,000

2%

£145,001 - £250,000

5%

£250,001 - £325,000

10%

£325,001 - £750,000

12%

Over £750,000

 

Non-Residential and mixed use properties.

Rate

Non-Residential Property

Zero

£0 - £150,000

2%

£150,001 - £250,000

5.0%

Over £250,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

There is a 4% SLBTT supplement for purchases of additional residential properties.

 There is a First Time Buyers Relief from SLBTT for properties under £175,000

Wales: Land Transaction Tax (WLTT)

Rate

Residential Property

Zero

£0 - £180,000

4%

£180,001 - £250,000

5%

£250,001 - £400,000

7.5%

£400,001£750,000

10%

£750,001 - £1,500,000

12%

Over £1,500,000

It is important to note that there is a temporary WLTT holiday extending the nil rate band to £250,000 until 30 June 2021.

There are currently no further measures specifically targeting first-time buyers in Wales.

 There is a WLTT higher rate supplement of 4% on purchases of additional residential properties.

 Non-Residential and mixed use properties. 

Rate

Non-Residential Property

Zero

£0 - £225,000

1%

£225,001 - £250,000

5%

£250,001 - £1,000,000

6%

Over £1,000,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.



 

Disclaimer

In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually, and unintentional errors can occur, and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read - contact us first for advice on how it may affect your individual circumstances.