Stamp Duty UK: Rates, Thresholds, and How to Calculate
Stamp Duty Land Tax (SDLT) is the tax you pay when purchasing property or land in England and Northern Ireland above a certain price (Scotland has LBTT; Wales has LTT).
For 2024-25, the thresholds and rates are: 0% up to £250,000, 5% from £250,001 to £925,000, 10% from £925,001 to £1.5m, and 12% above £1.5m. First-time buyers pay 0% on the first £425,000 and 5% up to £625,000 (the property must cost £625,000 or less to qualify).
If you already own a property (or are buying a buy-to-let), you pay an additional 3% surcharge on top of all bands. For non-UK residents, there is a further 2% surcharge. These surcharges apply from the first pound.
Frequently Asked Questions
When is stamp duty due?
Stamp duty must be paid within 14 days of completion. Your solicitor or conveyancer usually handles this.
Can I reclaim the 3% surcharge?
If you sell your previous main residence within 3 years of buying the new one, you can apply for a refund of the 3% surcharge.
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