You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.
The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.
Stamp duty rates have increased for anyone purchasing an additional property. From April 2016 a 3% surcharge has been applied on top of the normal SDLT rate. This means buy to let purchases now attract higher levels of SDLT unless individual ownership is limited to a single property.
From November 2017, stamp duty will not be payable on properties up to £300,000 for first time buyers. First-time buyers of homes worth up to £500,000 will not pay STLD on the first £300,000 of the price. You will pay Stamp Duty on the remaining amount, up to £200,000 at 5%.
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Price Band | Rate % | Taxable Amount | Tax To Pay |
Up to £300,000 | 0% | £{{ this.taxableAmount[this.type][this.ownership][0].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][0].toLocaleString() }} |
Between £300,000 & £925,000 | {{ this.percentagesSelected[0] * 100 }}% | £{{ this.taxableAmount[this.type][this.ownership][1].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][1].toLocaleString() }} |
Between £925,000 & £1,500,000 | {{ this.percentagesSelected[1] * 100 }}% | £{{ this.taxableAmount[this.type][this.ownership][2].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][2].toLocaleString() }} |
Above £1,500,000 | {{ this.percentagesSelected[2] * 100 }}% | £{{ this.taxableAmount[this.type][this.ownership][3].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][3].toLocaleString() }} |
Total Tax | £{{ this.firstTimePrimaryHomeAmount.toLocaleString() }} £{{ this.firstTimeSecondHomeAmount.toLocaleString() }} |
Price Band | Rate % | Taxable Amount | Tax To Pay |
Up to £125,000 | 3% | £{{ this.taxableAmount[this.type][this.ownership][0].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][0].toLocaleString() }} |
Between £125,000 & £250,000 | 5% | £{{ this.taxableAmount[this.type][this.ownership][1].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][1].toLocaleString() }} |
Between £250,000 & £925,000 | 8% | £{{ this.taxableAmount[this.type][this.ownership][2].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][2].toLocaleString() }} |
Between £925,000 & £1,500,000 | 13% | £{{ this.taxableAmount[this.type][this.ownership][3].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][3].toLocaleString() }} |
Above £1,500,000 | 15% | £{{ this.taxableAmount[this.type][this.ownership][4].toLocaleString() }} | £{{ this.taxPayable[this.type][this.ownership][4].toLocaleString() }} |
Total Tax | £{{ this.secondTimePrimaryHomeAmount.toLocaleString() }} £{{ this.secondTimeSecondHomeAmount.toLocaleString() }} |