Stamp Duty Land Tax (SDLT) must be paid if you are buying land or a property over a fixed amount. Currently for residential property, the threshold is £125,000 and £150,000 for non –residential land and properties.
You must pay this tax when you buy a freehold property, a new or existing leasehold, a property through a shared ownership scheme or are transferred land or property in exchange for payment (for example you take on a mortgage or buy a share in a house).
If you are buying a property as a buy-to-let investment, the Stamp Duty you will pay is 3% on top of the usual SDLT rate.
How much will you pay?
SDLT rate - Property or lease premium or transfer value
| Zero | up to £125,000 |
| 2% | from £125,001 to £250,000 |
| 5% | from £250,001 to £925,000 |
| 10% | from £925,001 to £1.5 million |
| 12% | from £1.5 million upwards |
