Stamp Duty Land Tax rates: 23 September 2022 to 30 October 2024
Updated 1 April 2025
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The Stamp Duty Land Tax rate is charged on increasing portions of the property price.
1. Stamp Duty Land Tax rates and thresholds for residential properties
| Purchase price, lease premium or transfer value | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢250,000 | Zero |
| The next 拢675,000 (the portion from 拢250,001 to 拢925,000) | 5% |
| The next 拢575,000 (the portion from 拢925,001 to 拢1.5 million) | 10% |
| The remaining amount (the portion above 拢1.5 million) | 12% |
1.1 Higher rate for corporate bodies
From 20 March 2014 to 30 October 2024, Stamp Duty Land Tax is charged at 15% on interests in residential dwellings costing more than 拢500,000 purchased by certain non-natural persons.
The 15% higher rate for corporate bodies was increased to 17% on 31 October 2024.
Read more information about the higher rate for corporate bodies.
1.2 Higher rate for additional dwellings
An additional 3% will apply on top of Stamp Duty Land Tax residential rates if buying a new residential property means you鈥檒l own more than one.
The 3% additional rate applies to purchases which complete on or after 1 April 2016 to 30 October 2024.
The 3% additional rate was increased to 5% on 31 October 2024.
Where contracts have been exchanged before 31 October 2024 but complete on or after the 31 October 2024 the additional rate of 3% will apply instead of 5%. 聽
Read more information about the聽higher rate for additional dwellings.
Where contracts have been exchanged on or before 25 November 2015 but not completed until on or after 1 April 2016, the higher rates will not apply.
1.3 Rates for first time buyers
| Purchase price, lease premium or transfer value | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢425,000 | Zero |
| The next 拢200,000 (the portion from 拢425,001 to 拢625,000) | 5% |
If the purchase price is more than 拢625,000, the rates for first time buyers do not apply and Stamp Duty Land Tax is charged at the standard rates on the total purchase price.
1.4 Non-resident Surcharge
From 1 April 2021, different rates of Stamp Duty Land Tax will apply to purchasers of residential property in England and Northern Ireland who are not resident in the UK.
The rates are 2 percentage points higher than those that apply to purchases made by UK residents. This surcharge applies to purchases of both freehold and leasehold property, as well as increasing the Stamp Duty Land Tax payable on rents on the grant of a new lease.
The surcharge also applies to certain UK resident companies that are controlled by non-UK residents.
2. Residential leaseholds
If you buy a new residential leasehold, Stamp Duty Land Tax is payable on both the:
- purchase price (lease premium) 鈥� use the Stamp Duty Land Tax residential rates
- 鈥榥et present value鈥� of the rent payable
The 鈥榥et present value鈥� is based on the value of the total rent over the life of the lease.
| Net present value of rent (residential) | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢250,000 | Zero |
| The remaining amount (the portion over 拢250,000) | 1% |
3. Non-residential and mixed use properties
Non-residential property includes:
- commercial property such as shops or offices
- property that is not suitable to be lived in
- forests
- agricultural land that鈥檚 part of a working farm or used for agricultural reasons
- any other land or property that is not part of a dwelling鈥檚 garden or grounds
- 6 or more residential properties bought in a single transaction
A mixed use property is one that incorporates both residential and non-residential elements.
4. Stamp Duty Land Tax rates and thresholds for sales and transfers on new non-residential or mixed use land or property
The rates in the following table apply to freehold and leasehold non-residential and mixed use purchases and transfers.
The Stamp Duty Land Tax rate is charged on increasing portions of the property price.
| Purchase price, lease premium or transfer value | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢150,000 | Zero |
| The next 拢100,000 (the portion from 拢150,001 to 拢250,000) | 2% |
| The remaining amount (the portion above 拢250,000) | 5% |
5. Stamp Duty Land Tax rates and thresholds for rent on new non-residential or mixed use land or property
If you buy a new non-residential or mixed use leasehold property, Stamp Duty Land Tax is payable on both the:
- lease premium or purchase price
- 鈥榥et present value鈥� of the rent payable (this is based on the value of the total rent over the life of the lease)
These are calculated separately and then added together.
| Net present value of rent | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢150,000 | Zero |
| Over 拢150,000 | 1% |