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Stamp Duty Land Tax

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 £125,000. If it is your second home, you’re liable to pay Stamp Duty Land Tax on any property that costs more than £40,000. 

Click here to read about buying property in Scotland.

When does Stamp Duty apply?

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. 

Stamp Duty tax rates

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 £125,000

£125,001 – £250,000 2%
£250,001 – £925,000 5%
£925,001 – £500,000 10%
More than £500,000 12%

First-time buyers 

For first-time buyers, there is a tax relief when it comes to Stamp Duty. On properties worth up to £300,000, first-time buyers don’t have to pay any stamp duty. On properties worth up to £500,000, you don’t pay the tax on the first £300,000. 

For properties worth more than £500,000, first-time buyers are unfortunately no longer eligible for the relief.

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