Stamp Duty Land Tax – Residential
You must pay SDLT if you buy a property or land over a certain price in England and Northern Ireland.
If you’re buying a residential property there are different rates of SDLT if you’re a first-time buyer, you already own a property and you’re buying an additional property or you’re not a UK resident.
The tax is different if the property or land is in Scotland, where you pay Land and Buildings Transaction Tax, and in Wales, where you pay Land Transaction Tax.
Stamp Duty Land Tax – Calculator
The stamp duty calculators give an indication of stamp duty liability for residential property purchases in England & Northern Ireland.
More information can be found here; www.tax.service.gov.uk
Thresholds
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay. The current SDLT threshold for residential properties is £125,000. The threshold for non-residential land and properties is £150,000.
First-time buyers
First-time buyers receive a discount if you, and anyone else you’re buying with, are first-time buyers and the purchase price is £500,000 or less.
Please check our Stamp Duty Land Tax calculator to work out how much tax you’ll pay.
2nd Property/Limited Companies
If you are purchasing a second property or as an investment through a Limited Company, there will be an additional rate to pay. An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £125k the SDLT rate will be 3% on full purchase price, and 3% in addition to the ‘Normal’ rate.
Rates up to 31 March 2025
| Tax Band | First Time Buyer | Normal Rate | Additional Property / Company Purchase (5% surcharge) | Non-UK Resident (2% further surcharge on 'Normal / Additional') |
|---|---|---|---|---|
| less than £250k | 0% | 0% | 5% | 2% / 7% |
| £250k - £425k | 0% | 2% | 5% | - |
| £425k - £625k | 5% | - | - | - |
| Above £625k | No relief; see normal rate | - | - | - |
| £250k - £925k | - | 5% | 10% | 7% / 12% |
| £925k - £1.5m | - | 10% | 15% | 12% / 17% |
| Over £1.5m | - | 12% | 17% | 14% / 19% |
The above table is designed to give an indication of the rates for most circumstances but the stamp duty payable in any particular circumstance can be determined by additional factors. Please speak to us or your solicitors to confirm the correct amount payable in your circumstances or refer to the government website for additional guidance.
Rates from 1 April 2025
| Tax Band | First Time Buyer | Normal Rate | Additional Property Company Purchase (5% surcharge) | Non-UK Resident (2% further surcharge on 'Normal / Additional') |
|---|---|---|---|---|
| less than £125k | 0% | 0% | 5% | 2% / 7% |
| £125k - 250k | 0% | 2% | 7% | 4% / 9% |
| £250k - £300k | 0% | - | - | - |
| £300k - £500k | 5% | - | - | - |
| Above £500k | No relief; see normal rate | - | - | - |
| £250k - £925k | - | 5% | 10% | 7% / 12% |
| £925k - £1.5m | - | 10% | 15% | 12% / 17% |
| Over £1.5m | - | 12% | 17% | 14% / 19% |
The above table is designed to give an indication of the rates for most circumstances but the stamp duty payable in any particular circumstance can be determined by additional factors. Please speak to us or your solicitors to confirm the correct amount payable in your circumstances or refer to the government website for additional guidance.