Stamp Duty Rates

Stamp Duty News

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.

Stamp duty for second homes also attracts a 3 percent surcharge from April. 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.

Stamp duty calculations are different in England and Northern Ireland to LBTT calculations in Scotland and LTT calculations in Wales.

SDLT Rates in England and N.Ireland

Stamp duty rates on UK property transactions are linked to the property selling price.

Stamp Duty Rates

Rates of stamp duty increase in line with property value and there are a number of stamp duty thresholds giving clear demarcation between the different rates. Stamp duty rates are different for residential and commercial property.

Changes to Stamp Duty Rates

New stamp duty rates were introduced from December 2014. Under the new rules buyers pay tax on amounts between bands, not on the full purchase price of a property.

Stamp duty rates have now increased for anyone purchasing an additional property. Additional property can include buy to let investments and second homes. Please refer to our buy to let stamp duty and stamp duty for second homes pages for instant calculations, exemptions and examples of when the new rate will apply.

In the 2017 Autumn Budget, the Government announced changes to stamp duty for first time buyers. The changes, which were applied with immediate effect, mean that stamp duty for most first time buyers has been permananetly abolished.

Please refer to our stamp duty for first time buyers page for new stamp duty rates and calculations.

LBTT rates in Scotland are different to the SDLT rates in England and Northern Ireland. From April 2018 Land Transaction Tax (LTT) has replaced SDLT in Wales. LTT rates are different to SDLT and LBTT rates.

What are the current Stamp Duty Rates?

The current stamp duty rates in England and Northern Ireland are shown in the table below:

Tax Band Normal Rate Additional Property
less than £125k 0% 3%*
£125k to £250k 2% 5%
£250k to £925k 5% 8%
£925k to £1.5m 10% 13%
rest over £1.5m 12% 15%
First time buyer stamp duty relief is now available to anyone purchasing their first home and offers a higher initial threshold of £300k.

For a single property purchase, no SDLT will be paid on the first £125,000. Between £125,000 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £925,000, 10% within the next band up to £1.5 million and 12% over that. For additional property, such as buy to let or second homes, there is now a 3% surcharge applied to all bands.

For current calculations please use our instant Stamp Duty Calculator.

This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound.
SDLT Calculator

Stamp duty calculations with new stamp duty thresholds. One ckick SDLT Calculations!

SDLT Rates

UK stamp duty rates showing new and old SDLT thresholds. Instantly check UK SDLT rates.

LTT Calculator

Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.

LBTT Calculator

Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).