Stamp duty land tax rates for residential property effective from the
duty is a tax on the property and land transactions in the UK.
There are different percentage rates of tax to be paid to HMRC
depending on the value of the property being purchased and different
rates for residential property, commercial property, freehold and leasehold.
Stamp Duty Land Tax Rates
(effective from 4 December 2014)
Previously, SDLT (Stamp Duty Land Tax Rates) was charged at a single rate for the entire price of a property.
From 4 December, SDLT charges at increasing rates for each portion of the price.
For Residential properties
SDLT you pay:
0% on the first £125,000 of the property price
2% on the next £125,000
5% on the next £675,000
10% on the next £575,000
12% on the rest (above £1.5 million)
For Example if you buy a property for:
£275,000, you’ll pay £3,750 of
SDLT. This is made up of:
nothing on the first £125,000
£2,500 on the next £125,000
£1,250 on the remaining £25,000
|£0 up to £125,000
up to £250,000
up to £925,000
up to £1,500,000
information on Stamp Duty
info for mixed use property,
commercial property, non-residential, corporate
property and other variations on SDLT can be found
at the UK Government website. See HouseWow useful
property links page below:
Stamp duty land tax
Use the HM Revenue and Customs
(HMRC) SDLT calculator to work out how much you’ll pay.
Duty Calculator (Note: This link will
open a new window at HMRC external website.)