Stamp Duty Land Tax

Stamp Taxes

On the transfer of property, the stamp duty land tax is:                                                     

                                                                                                                    Residential   Non-Residential

Value up to £125,000*

 

0%

0%

Over £125,000* – £250,000

 

2%

2%

Over £250,000 – £925,000

 

5%

5%

Over £925,000 – £1,500,000**

 

10%

5%

 

Over £1,500,000*

 

12%**

5%

 

 

 

 

 

 

Residential SDLT calculated on the consideration falling within each band. Additional SDTL of 3% may apply to the purchase of additional residential properties from 1 April 2016. Non-residential SDLT is also calculated on the consideration falling within each band. * Non-reisdential £150,000. Resdiential Property Only * From april 1 2015 the Land and Buildings Transaction Tax replaced SDLT in Scotland. Contact us for advice.