Stamp duty for first time buyers has been abolished for most purchasers.
Stamp duty for buy to let property has increased substantially from April 2016 following the introduction of a 3 percent surcharge.
Stamp duty for second homes has also increased as a result of the 3 percent surcharge. Mobile homes, caravans and houseboats are exempt.
Stamp duty refunds are available for home movers replacing their main residence. The original home must be sold within 3 years.
Non-UK residents pay more in stamp duty from April 2021.
An increase to stamp duty for non-UK residents was announced by the Chancellor Rishi Sunak in the 2020 Budget.
From April 2021 non-UK residents are required to pay an extra 2 percent in stamp duty when they purchase a property in England or Northern Ireland.
Non-UK resident status is determined if someone is not present in the UK for at least 183 days in the 12 month period leading up to the purchase of a property.
The stamp duty calculators below show non UK resident SDLT calculations for transactions from 23rd September 2022. The calculations reflect an increase to initial SDLT threshold from £125k to £250k.
Important Notice: The updated stamp duty calculators are based on existing Government SDLT information and resources. Please use stamp duty calculations for guidance purposes only.
Stamp duty calculations include the non resident surcharge of 2% applied to all rates with the exception of the zero rate threshold for additional property purchases below £40k.
The stamp duty calculations above apply to freehold residential property located in England or Northern Ireland. The SDLT calculations show indicative levels of stamp duty for non-UK residents. For UK based SDLT calculations please use our UK resident stamp duty calculator.
From April 2021 anyone living overseas might need to pay an additional 2 percent in stamp duty if they buy a property in England or Northern Ireland.
For SDLT purposes a non-UK resident is someone who has spent less than 183 days in the UK over the 12 month period leading up the purchase of a property.
Anyone who is non-UK tax resident will be liable for the new surcharge. The surcharge will also apply to British Expats working and living overseas.
If someone becomes a UK resident in the 12 months after the buying a property, it may be possible to request a refund of the non-UK resident surcharge. The refund must be claimed within 2 years of the purchase.
Overseas buyers who already own a home will pay the new 2% surcharge in addition to the existing 3% charge levied on additional property purchases. This means for additional property transactions the top rate of stamp duty is now 17%.
The Government hope that the new stamp duty surcharge could take some heat out of the London property market where foreign investment is high.
This in turn could help control house price inflation which could make housing more affordable for UK residents.
The Government initially planned to use the extra stamp duty revenue to provide around 6000 new homes for the homeless.
The table below shows stamp duty rates for transactions from 23rd September 2022 when the initial SDLT threshold increased from £125k to £250k.
|Tax Band||Normal Rate||Additional Property|
|less than £250k||2%||5%*|
|£250k to £925k||7%||10%|
|£925k to £1.5m||12%||15%|
|rest over £1.5m||14%||17%|
|* An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £250k the SDLT rate will be 5% on full purchase price.|
Stamp duty calculations with new stamp duty thresholds. One click SDLT Calculations!
Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.