How Much Stamp Duty Land Tax Do I Need to Pay?
SDLT on Residential land or property – Freehold or Leasehold
Purchase price/Lease premium or transfer value SDLT rate
Up to £125,000 0%
Over £125,000 to £250,000 1%
Over £250,000 to £500,000 3%
Over £500,000 to £1 Million 4%
Over £1 Million to £ 2million 5%
From 20 March 2014 SDLT is charged at 15% on interests in residential dwellings costing more than £500,000 purchased by certain non-natural persons.
“Non-natural persons” include companies, partnerships including a company and collective investment schemes. There are exclusions for trustees of a settlement, property rental businesses, property developers and traders, properties made available to the public, financial institutions acquiring dwellings in the course of lending, dwellings occupied by employees and farmhouses.
Non- Residential land or property rates SDLT rate
Up to £150,000 (annual rent under £1,000) 0%
Over £150,000 (annual rent over £1,000) 1%
Over £150,000 to £250,000 1%
Over £250,000 to £500,000 3%