Stamp Duty Land Tax rates: 4 December 2014 to 7 July 2020
Updated 1 April 2025
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The Stamp Duty Land Tax rate is charged on increasing portions of the property price.
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125,000 | Zero |
| The next 拢125,000 (the portion from 拢125,001 to 拢250,000) | 2% |
| 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% |
Higher rate for corporate bodies
From 20 March 2014, on interests in residential dwellings costing more than 拢500,000 purchased by certain non-natural persons.
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 higher rate for additional dwellings applies for purchases which complete on and after 1 April 2016.
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.
Rates for first time buyers
From 22 November 2017 to 7 July 2020, special rates apply to first time buyers buying their first home. The special rates apply where the consideration given does not exceed 拢500,000.
The rates for first time buyers also apply to purchases undertaken under shared ownership schemes where the market value of the property does not exceed 拢500,000.
| Purchase price/lease premium or transfer value | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢300,000 | Zero |
| The next 拢200,000 (the portion from 拢300,001 to 拢500,000) | 5% |
Residential leaseholds
If you buy a new residential leasehold, Stamp Duty Land Tax is payable on both the:
- purchase price (lease premium) - 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125,000 | Zero |
| The remaining amount (the portion over 拢125,000) | 1% |
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.
Stamp Duty Land Tax rates and thresholds for sales and transfers on new non-residential or mixed use land or property
Freehold sales and transfers from 1 January 2010 to 16 March 2016.
The rates below apply to freehold and leasehold non-residential and mixed use purchases and transfers.
The Stamp Duty Land Tax rate is charged on the whole amount of the consideration.
| Purchase price/lease premium or transfer value | Stamp Duty Land Tax rate |
|---|---|
| Up to 拢150,000 - if annual rent is under 拢1,000 | Zero |
| Up to 拢150,000 - if annual rent is 拢1,000 or more | 1% |
| Over 拢150,000 to 拢250,000 | 1% |
| Over 拢250,000 to 拢500,000 | 3% |
| Over 拢500,000 | 4% |
Freehold sales and transfers from 17 March 2016
The rates below 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% |
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% |