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Stamp Duty Land Tax

  • 1 min read

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.

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 £250,000 0%
£250,001 – £925,000 5%
£925,000 – £1.5 million 10%
£1.5 million+ 12%

First-time buyers 

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
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