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Stamp Duty Land Tax (SDLT) is a tax that you have to pay when you buy a house in England or Northern Ireland. If it is your first and primary home, you’re liable to pay on property that costs more than £250,000.
Click here to read about buying property in Scotland.
Whether you’re buying a property outright or you’re buying it with a mortgage agreement, you’ll be liable to pay stamp duty tax.
The rates that you pay depend on the price of the property that you’re buying. Take a look at the table below to see what you could owe if you’re looking to buy:
| Property Price | Stamp duty rate |
| Up to £250,000 | 0% |
| £250,001 – £925,000 | 5% |
| £925,000 – £1.5 million | 10% |
| £1.5 million+ | 12% |
Heads up! As of the 31st of October 2024, the Stamp Duty Land Tax surcharge on second properties will increase from 3% to 5%.
🚨For the full scoop on this year’s Autumn Budget, check out our blog. 🚨
For first-time buyers, there is a tax relief when it comes to Stamp Duty. On properties worth up to £425,000, first-time buyers don’t have to pay any stamp duty. On properties worth up to £625,000, you don’t pay the tax on the first £425,000.
For properties worth more than £625,000, first-time buyers are unfortunately no longer eligible for the relief.
| Property Price (first-time buyers) | Stamp duty rate |
| Up to £425,000 | 0% |
| £425,000 – £625,000 | 5% |
| £625,000+ | Normal rates apply |
Or see our Guides, Calculators or Taxopedia
