Stamp taxes are payable when property is purchased in the UK. The type of stamp tax payable depends on where in the UK the property is sited, see the categories below.
For details of the compliance requirements, see UK1.9.3.
The various revenue authorities produce online calculators that can be used to calculate the likely amount of tax due:
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•ÌýÌýÌýÌý for England and Northern Ireland, see the GOV.UK website
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•ÌýÌýÌýÌý for Scotland, see the Revenue Scotland website
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•ÌýÌýÌýÌý for Wales, see the GOV.WALES website
Stamp duty land tax—England and Northern Ireland
The rates of stamp duty land tax (SDLT) for residential property apply to consideration paid to purchase a freehold and premiums paid to acquire a leasehold (either a new or existing lease).
The rate of SDLT is applied to the amount of the chargeable consideration which falls into each band:
| Purchase price/lease premium or transfer value | SDLT rate on first residential property | SDLT rate for additional residential property |
| Resident | Non-resident | Resident | Non-resident |
| Up to £250,000 | 0% | 2% | 3% | 5% |
| £250,001–£925,000 | 5% | 7% | 8% | 10% |
| £925,001–£1.5³¾ | 10% | 12% | 13% | 15% |
| Over |
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Web page updated on 28 Aug 2024 12:12