Stamp Duty

The Thresholds of stamp duty

This is where SDLT (Stamp duty land tax) starts to apply. The current SDLT threshold for residential properties is £500,000. This changes on 1 July 2021.

The threshold for non-residential land and properties is £150,000.

On Property purchases on or after 1 July 2021

The stamp duty thresholds will be:

• £250,000 for residential properties
• £150,000 for non-residential land and properties

First-time buyers - From 1 July 2021, you will pay less or no tax if both the following apply:

• you, and anyone else you’re buying with, are first-time buyers
• the purchase price is £500,000 or less

Rates from 8 July 2020 to 30 June 2021

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).
 

Example

In March 2021 you buy a house for £625,000. The SDLT you owe will be calculated as follows:

• 0% on the first £500,000 = £0
• 5% on the remaining £125,000 = £6,250
• total SDLT = £6,250

Use the SDLT calculator to work out how much tax you’ll pay.

Rates from 1 July 2020 to 30 September 2021

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).
 

Rates from 1 October 2021

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).