Property Stamp Taxes

Published: 26 Jul 2013

Updated: 17 Mar 2018

 

Written by Ray Coman

 

A more detailed explanation about taxes on the purchase for residential and non residential property can be found in the guide on Stamp Duty Land Tax (SDLT)

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 Residential

England & NI Scotland Wales
Price/premium payable SDLT LBTT LTT
£1 - £125,000 Nil                    Nil Nil
£125,001 - £145,000 2% Nil Nil
£145,001 - £180,000 2% 2% Nil
£180,001 - £250,000 2% 2% 3.5%
£250,001 - £325,000 5% 5% 5%
£325,001 - £400,000 5% 10% 5%
£400,001 - £750,000 5% 10% 7.5%
£750,001 - £925,000 5% 12% 10%
£925,001 - £1.5 million 10% 12% 10%
Over £1.5 million 12% 12% 12%

Notes:

3% supplement to above rates for second properties and all purchases above £40,000 by corporates, discretionary and certain other trustees.

 

Enveloped properties in England and Northern Ireland above £500,000 at a flat 15% SDLT rate, unless a relief is available.
LTT in Wales introduced from 1 April 2018.

 

From 22 November 2017, first time buyer exemption from SDLT for purchases up to £300,000 and for the first £300,000 of purchases up to £500,000.

 

From 1 April 2018, first time buyer relief from LBTT for the first £175,000 of relevant property purchases. 

 

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