- Last Updated: 07 February 2022
What is Stamp Duty Land Tax (SDLT)? What are the rates of Stamp Duty Land Tax (SDLT)?
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.
SDLT rates
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:
-
- Companies.
- Partnership with corporate members.
- Collective investment schemes.
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 2020 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:
- Commercial property such as shops or offices.
- Agricultural land.
- Forests.
- Any other land or property which is not used as a dwelling.
- Six or more residential properties bought in a single transaction.
- A mixed-use property is one that incorporates both residential and non-residential elements.
Non-residential rates are as follows:
Band: market price £ |
Non-residential |
0-150,000 |
0% |
150,001 - 250,000 |
2% |
Over 250,000 |
5% |
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