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admin@wealth.comFrom April 1st 2025
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
The tax is different if the property or land is in:
Click here » to revert to Pre April 1st 2025
Tax treatment is based on individual circumstances and may be subject to change in the future.
Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.
The Financial Conduct Authority does not regulate tax planning.
If you wish to seek advice on Stamp Duty, it's advisable to speak to your solicitor/tax advisor.
You can claim a discount (relief) so you don't pay any Stamp Duty for a property priced up to £300,000 and 5% on the portion from £300,001 to £500,000.
If the price is over £500,000, you follow the rules for people who've bought a home before.
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%
You'll usually have to pay 5% on top of the normal SDLT rates if buying a new residential property means you'll own more than one.
Up to £125,000 5%
The next £125,000 (the portion from £125,001 to £250,000) 7%
The next £675,000 (the portion from £250,001 to £925,000) 10%
The next £575,000 (the portion from £925,001 to £1.5 million) 15%
The remaining amount (the portion above £1.5 million) 17%
You won't pay the extra 5% SDLT if the property you're buying is replacing your main residence and that has already been sold.
If there's a delay selling your main residence and it hasn't been sold on the day you complete your new purchase:
and stamp duty relief info for additional properties
Your home may be repossessed if you do not keep up repayments on your mortgage.
Click here » to revert to Pre April 1st 2025
Tax Band | % | Taxable Sum | Tax |
£300k to £500k | 5 | £0 | £0 |
Tax Band | % | Taxable Sum | Tax |
less than £125k | 0 | £0 | £0 |
£125k to £250k | 2 | £0 | £0 |
£250k to £925k | 5 | £0 | £0 |
£925k to £1.5m | 10 | £0 | £0 |
rest over £1.5m | 12 | £0 | £0 |
Tax Band | % | Taxable Sum | Tax |
less than £125k | 5 | £0 | £0 |
£125k to £250k | 7 | £0 | £0 |
£250k to £925k | 10 | £0 | £0 |
£925k to £1.5m | 15 | £0 | £0 |
rest over £1.5m | 17 | £0 | £0 |