**Please note the information on this page and the calculator provides a guide and should not be relied upon as a final confirmation of the tax liability. Please visit the HMRC website for more information on stamp duty or speak to your solicitor. Stamp Duty Land Tax - GOV.UK (www.gov.uk).
How does Stamp Duty work? (updated 1st July 2021)
You pay no stamp duty on the first £250,000 and then you pay 5% on the portion between £250,001 and £925,000, 10% on the portion between £925,001 and £1.5 million and 12% on any remaining amount.
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 £250,000. This changes on 1 October 2021.
The threshold for non-residential land and properties is £150,000.
Property purchases from 1 July 2021 to 30 September 2021
The SDLT thresholds will be:
- £250,000 for residential properties
- £150,000 for non-residential land and properties
The threshold for residential properties will change on 1 October 2021.
SDLT rates from 1 July 2021
Stamp Duty Land Tax is charged at different rates depending on the portion of the purchase price that falls into each rate band.
| Purchase price of property | Rate of SDLT (percentage of the total purchase price) | Additional Property Rate |
|---|---|---|
| £0 - £250,000 | 0% | 3% |
| £250,001 - £925,000 | 5% | 8% |
| £925,001 - £1.5 million | 10% | 13% |
| Over £1.5 million | 12% | 15% |
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The SDLT thresholds will be:
- £125,000 for residential properties
- £150,000 for non-residential land and properties
These thresholds are the same as they were before 8 July 2020.
SDLT rates from 1 October 2021
Stamp Duty Land Tax is charged at different rates depending on the portion of the purchase price that falls into each rate band.
| Purchase price of property | Rate of SDLT (percentage of the total purchase price) | Additional Property Rate |
|---|---|---|
| £0 - £125,000 | 0% | 3% |
| £125,001 - £250,000 | 2% | 5% |
| £250,001 - £925,000 | 5% | 8% |
| £925,001 - £1.5 million | 10% | 13% |
| Over £1.5 million | 12% | 15% |
First-time buyers
From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:
- you, and anyone else you’re buying with, are first-time buyers
- the purchase price is £500,000 or less
You’ll also be eligible for this discount if you bought your first home before 8 July 2020.
Visit the HMRC website for more information on stamp duty
**Please note the information on this page and the calculator provides a guide and should not be relied upon as a final confirmation of the tax liability. Please visit the HMRC website for more information on stamp duty or speak to your solicitor. Stamp Duty Land Tax - GOV.UK (www.gov.uk).
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