Stamp Duty

Stamp Duty Land Tax (SDLT) is payable in England and is calculated according to increasing portions of the property price. Various discounts and rates apply according to your circumstances. We can point you in the right direction although as we are not tax advisors, you may need to consult a specialist.   

First Time Buyers may not need to pay SDLT but buyers with more than one property may need to pay higher rates.

SDLT is payable on each portion of the value of the property at the rate statedStandard rateHigher rate
Up to £125,0000%3%
The next £125,000 (from £125,001 to £250,000)2%5%
The next £675,000 (from £250,001 to £925,000)5%8%
The next £575,000 (from £925,001 to £1.5 million)10%13%
The remaining amount (above £1.5 million)12%15%

For more information, visit https://www.gov.uk/stamp-duty-land-tax/residential-property-rates.

If you are purchasing a property in Wales, Land Transaction Tax (LTT) replaces SDLT – visit https://gov.wales/funding/fiscal-reform/welsh-taxes/land-transaction-tax/?lang=en for more information. Higher rates are usually payable if buying a new property means you own more than one.

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