Stamp Duty Land Tax

Posted Dec 3, 2014

From 4 December, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band. There is no change to how SDLT is calculated on purchases of non-residential property or on the rent payable when a new lease is granted.

The changes will apply to residential properties completed on or after 4 December 2014. Where contracts have been exchanged on or before 3 December 2014, and the transaction is completed on 4 December or later, you can choose whether to use the old or the new rules.

Residential land or property SDLT rates and thresholds

Purchase price of property

Rate of SDLT

Up to £125,000

Zero

Over £125,000 to £250,000

2%

Over £250,000 to £925,000

5%

Over £925,000 to £1.5 million

10%

Over £1.5 million

12%

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