- SDLT is payable on land and property transactions in England and Northern Ireland.
- Property transactions in Scotland are subject to Land and Buildings Transaction Tax.
- Property transactions in Wales are subject to Land Transaction Tax (LTT) from 1 April 2018. Prior to April 2018 SDLT applied in Wales.
The rates apply to the portion of the total value which falls within each band.
|0 - 125,000||0%|
|125,001 - 250,000||2%|
|250,001 - 925,000||5%|
|925,001 - 1,500,000||10%|
|1,500,001 and above||12%|
From April 2016 these rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
First time buyer relief
From 22 November 2017 first time buyers may be eligible for first time buyer relief on purchases of residential property up to £500,000. The rates apply to the portion of the total value which falls within each band.
|0 - 300,000||0%|
|300,001 - 500,000||5%|
|for purchases over 500,000||normal rates apply|
Non-residential SDLT rates
|0 - 150,000||0%|
|150,001 - 250,000||2%|
Payable on consideration which falls in each band.