Stamp Duty Land Tax is payable when buying property in England and Northern Ireland.
Current SDLT Rates (Standard Residential)
Up to 250,000 pounds: 0% 250,001 to 925,000 pounds: 5% 925,001 to 1.5 million pounds: 10% Over 1.5 million pounds: 12%
First-Time Buyer Relief
First-time buyers pay no SDLT on the first 300,000 pounds and 5% on the portion from 300,001 to 500,000 pounds.
Example: A first-time buyer purchasing at 400,000 pounds pays 5,000 pounds in SDLT.
Additional Dwellings Surcharge
Buyers of second homes or buy-to-let properties pay an additional 3% on top of standard rates from the first pound.
Scotland and Wales
Separate systems apply in Scotland (LBTT) and Wales (LTT) with different rates and thresholds.
