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What is stamp duty in the UK?
Do I have to pay stamp duty land tax (SDLT)?
What is stamp duty land tax?
How much is stamp duty land tax in Scotland?
How does stamp duty work in Wales?
How much does stamp duty cost in England & Northern Ireland?
2 days ago · Stamp duty is a tax that's charged when you buy a property in the UK, but you'll only need to pay it if the price of that property reaches a certain threshold. Our stamp duty calculator below shows you just how much you'll need to pay.
- Thresholds
- How much you pay
- The value you pay SDLT on (the ‘consideration’)
- How and when to pay
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay.
The current SDLT thresholds are:
•£250,000 for residential properties
•£425,000 for first-time buyers buying a residential property worth £625,000 or less
•£150,000 for non-residential land and properties
There were different thresholds and rates for residential properties before 23 September 2022.
How much you pay depends on:
•whether the land or property will be used as a residential property or as a non-residential or mixed-use property
•whether you are eligible for relief or an exemption
For example, if you’re buying a residential property there are different rates of SDLT if:
•you’re a first-time buyer
•you already own a property and you’re buying an additional property
The total value you pay SDLT on (sometimes called the ‘consideration’) is usually the price you pay for the property or land.
Sometimes it might include another type of payment like:
•goods
•works or services
•release from a debt
•transfer of a debt, including the value of any outstanding mortgage
Send an SDLT return to HMRC and pay the tax within 14 days of completion.
If you have a solicitor, agent or conveyancer, they’ll usually file your return and pay the tax on your behalf on the day of completion. They’ll then add the tax to their fees.
If they do not do this for you, you can file a return and pay the tax yourself.
You may be charged penalties and interest if you do not file your return and make your payment within 14 days of completion.
The amount of stamp duty you owe depends on the cost of the property, whether it will be used for residential purposes, and whether you own any other property. How much is stamp duty? At the...
You pay Stamp Duty Land Tax (SDLT) when you buy houses, flats and other land and buildings over a certain price in the UK.
Stamp duty in the United Kingdom is a form of tax charged on legal instruments (written documents), and historically required a physical stamp to be attached to or impressed upon the document in question. [1][2] The more modern versions of the tax no longer require a physical stamp.
Discover how much stamp duty to pay and which homes best suit you with our stamp duty calculator. Suitable for movers, second homes and first time buyers
You may be eligible for Stamp Duty Land Tax (SDLT) reliefs if you’re buying your first home and in certain other situations. These reliefs can reduce the amount of tax you pay.
