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Stamp Duty Land Tax

When you buy a property in the UK, you have to pay a certain amount of stamp duty. This is calculated  rather like income tax, whereby you pay the rate of tax on the part of the purchase price within each stamp duty tax band.

Changes for SDLT and Investors

As of April 1st 2016 the stamp duty levels increased for investors purchasing buy-to-let property and other second properties, such as holiday homes, in which owners do not intend to live full-time.  For example:

Property Value

Current Rate

New Rate

Increase

£150,000

£500

£5,000

£4,500

£250,000

£2,500

£10,000

£7,500

£350,000

£7,500

£18,000

£10,500

£450,000

£12,500

£26,000

£13,500

Stamp Duty Calculator

Stamp Duty Bands

PURCHASE PRICE UNDER £125,000

No stamp duty is charged on properties under £125,000.

PURCHASE PRICE BETWEEN £125,001 AND £250,000

Buyers don’t pay stamp duty on the first £125,000, however they pay 2% on the remainder of the property price.

PURCHASE PRICE BETWEEN £250,001 AND £925,000

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price over £250,001.

PURCHASE PRICE OVER £925,000 -

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price between £250,001 and £925,000; 10% on the portion between £925,001 and £1.5 million; and 12% on the portion over £1.5 million.

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