What is Stamp Duty Land Tax (SDLT)? What are the rates of Stamp Duty Land Tax (SDLT)?
This is a freeview 'At a glance' guide to SDLT rates.
Stamp Duty Land Tax (SDLT) is paid on the purchase of an interest in land as a percentage of the purchase consideration. Different rates apply according to the type of property and the type of purchaser.
Residential Property rates
From 1 October 2021
Band: market price £ |
Basic SDLT rate |
Higher SDLT rate: additional property owner/company* |
Non-Resident Basic SDLT rate |
Non-Resident additional property owner/company* |
Up to 125,000 |
0% | 3% | 2% | 5% |
125,001 – 250,000 |
2% | 5% | 4% | 7% |
250,001 - 925,000 |
5% | 8% | 7% | 10% |
925,001 - 1,500,000 |
10% | 13% | 12% | 15% |
over 1,500,000 | 12% | 15% | 14% | 17% |
From 1 July 2021 to 30 September 2021
Band: market price £ |
Basic SDLT rate | Higher SDLT rate | Non-Resident Basic SDLT rate |
Non-Resident Higher SDLT rate |
Up to 250,000 |
0% | 3% | 2% | 5% |
250,001 – 925,000 |
5% | 8% | 7% | 10% |
925,001 – 1,500,000 |
10% | 13% | 12% | 15% |
1,500,001 and over |
12% | 15% | 14% | 17% |
From 8 July 2020 to 30 June 2021
Band: market price £ |
Basic SDLT rate | Higher SDLT rate |
Non-resident Basic SDLT rate |
Non-resident Higher SDLT rate |
Up to 500,000* |
0% | 3% | 2% | 5% |
500,001 – 925,000 |
5% | 8% | 7% | 10% |
925,001 – 1,500,000 |
10% | 13% | 12% | 15% |
1,500,001 and over |
12% | 15% | 14% | 17% |
From 1 April 2016 to 7 July 2020
Band: market price £ |
Basic SDLT rate |
Higher SDLT rate |
0 -125,000 |
0% |
3% |
125,001 – 250,000 |
2% | 5% |
250,001 – 925,000 |
5% | 8% |
925,001 – 1,500,000 |
10% | 13% |
1,500,001 and over |
12% | 15% |
First-time Buyers' Relief
From 22 November 2017 to 7 July 2020 and from 1 July 2021 onwards
First-time buyers receive a discount on the purchase of their first property provided that the consideration is £500,000 or less.
Proportion of consideration | Rate |
0-300,000 | 0% |
300,001-500,000 | 5% |
If the purchase price is over £500,000 normal SDLT rates apply.
Companies & Non-Natural Persons (NNPs)
The higher rate (as above) applies on the purchase of residential property.
*Companies & NNPs pay a 15% rate on higher value residential property unless an exemption applies.
Higher value property only Cost |
SDLT rate |
From 20/3/2014 over £500,000 | 15% |
From 2/2012 to 19/3/2014 over £2m |
Non-resident companies (including UK registered companies controlled by non-residents) pay a non-resident surcharge on top of either the non-resident higher rate, or, if the property is 'high value' the higher value rate.
Non-Natural Persons include:
See SDLT: Residential property higher rates
How SDLT works
Apply the rates specified to the proportion of the purchase price falling within each band.
E.g. A house purchased on 30 June 2022 for £950,000 by a buyer (who is not subject to the higher charge) will attract SDLT of £38,750.
Proportion of consideration | Rate |
Amount £ |
0 -125,000 | 0% | 0 |
125,001 – 250,000 | 2% | 2,500 |
250,001 – 925,000 | 5% | 33,750 |
925,001 -950,000 | 10% | 2,500 |
Total | £38,750 |
Non-residential property rates
The SDLT regime for non-residential and mixed-use property changed to a banding system on 17 March 2016.
Non-residential property includes:
Non-residential rates are as follows:
Band: market price £ |
Non-residential |
0-150,000 |
0% |
150,001 - 250,000 |
2% |
Over 250,000 |
5% |
Companies: higher value residential property (subject to the ATED charge)
Since 1 April 2018 SDLT only applies to properties in England and Northern Ireland.
Coronavirus
Between July 8 2020 and 31 March 2021, a temporary extension to the nil rate threshold (to £500,000) applied to residential property for both basic SDLT and higher rates due to Coronavirus. See SDLT: Summer economic update. It was announced at Budget 2021 that this would be extended to 30 June 2021 at the same rate, with a £250,000 limit applying between 1 July 2021 and 30 September 2021.
On 3 June 2020 HMRC updated their guidance on exceptional circumstances that allow refunds following a sale outside of the normal three-year limit to specifically include the impact of COVID-19 preventing the sale. This was updated on 3 June 2021 to include delays caused by government imposed restrictions or public authority action which prevented the sale. See HMRC higher rates of SDLT
The change to the guidance in England and Northern Ireland follows the Scottish Parliament temporarily extending its refund period for land and buildings transaction tax from 18 months to three years.
Time limits and penalties
The deadline for filing an SDLT Return and paying any tax due is 14 days (30 days to 1 March 2019) from the effective date of the transaction.
There is no penalty for late payment but interest is charged from the due date up to the payment date.
Penalties for late filing:
Tax geared penalties of between 0% and 100% apply if errors are made in a document which leads to a loss of tax, see Penalties: Errors in returns and documents.
Special SDLT rules
Small Print and Links
SDLT: Stamp Duty Land Tax, start here
What is SDLT? What are the SDLT rates? What is exempt from SDLT? What reliefs are available? When are returns due? When can you amend a return?
SDLT: Residential property higher rates
What Stamp Duty Land Tax (SDLT) rate applies for the purchase of a second home? What is the SDLT higher rate? Are there any reliefs from the SDLT higher rate?
HMRC SDLT rates and thresholds (these also give you the rates for leases)
SDLT legislation Finance Act 2003 Part 4. Section 55 contains the rates chargeable.
Legislation relating to the higher rate will be included at Section 56A and Schedule 5A.
Also see Finance Act 2016 Part 8: sections 127 & 128.
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