Stamp Duty

Stamp Duty Land Tax (SDLT) is a statutory tax payable to the government when buying property and land in the UK. Since December 2014, the tax is only payable on the part of the property price within each tax band (similar to how income tax is calculated). Introduced in April 2016, Buy-to-Let or Second Home rates are charged at 3% above SDLT.

Band

Standard

Buy-To-Let/Second Home

Up to £125,000

0%

3%

Above £125,000 to £250,000

2%

5%

Above £250,000 to £925,000

5%

8%

Above £925,000 to £1,500,000

10%

13%

Above £1,500,000

12%

15%

Your conveyancing solicitor will arrange payment, within 30 days of the completion of your purchase.