Stamp duty information when buying property

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


Stamp Duty

The Stamp Duty holiday on the first £500,000 of a property has been extended until 30th June 2021. On 1st July the threshold will lower to £250,000 until 30th September 2021 and then from 1st October 2021, the threshold will revert back to £125,000.