Stamp duty land taxes: UK
ENGLAND & NORTHERN IRELAND: STAMP DUTY LAND TAX (SDLT) RATES
Residential properties: 23 September 2022 – 30 October 2024
| Property value | UK residents | Non-UK residents | ||
| Only property | Additional property | Only property | Additional property | |
| Up to £250,000 | Nil | 3% | 2% | 5% |
| Next portion from £250,001 to £925,000 | 5% | 8% | 7% | 10% |
| Next portion from £925,001 to £1,500,000 | 10% | 13% | 12% | 15% |
| Remaining amount above £1,500,000 | 12% | 15% | 14% | 17% |
Residential properties: 31 October 2024 – 31 March 2025
| Property value | UK residents | Non-UK residents | ||
| Only property | Additional property | Only property | Additional property | |
| Up to £250,000 | Nil | 5% | 2% | 7% |
| Next portion from £250,001 to £925,000 | 5% | 10% | 7% | 12% |
| Next portion from £925,001 to £1,500,000 | 10% | 15% | 12% | 17% |
| Remaining amount above £1,500,000 | 12% | 17% | 14% | 19% |
Residential properties: From 1 April 2025
| Property value | UK residents | Non-UK residents | ||
| Only property | Additional property | Only property | Additional property | |
| Up to £125,000 | Nil | 5% | 2% | 7% |
| Next portion from £125,001 to £250,000 | 2% | 7% | 4% | 9% |
| Next portion from £250,001 to £925,000 | 5% | 10% | 7% | 12% |
| Next portion from £925,001 to £1,500,000 | 10% | 15% | 12% | 17% |
| Remaining amount above £1,500,000 | 12% | 17% | 14% | 19% |
Note 1: From 1 April 2016, higher rates of SDLT apply on purchases of additional properties by individuals. This rate is also payable by companies and other entities.
Note 2: From 1 April 2021, non-UK residents purchasing a residential property in England and Northern Ireland will be subject to a 2% SDLT surcharge in addition to the main rate SDLT payable by UK residents.
Note 3: Higher rates do not apply while replacing main residence, subject to meeting certain conditions or for purchases under £40,000.
Note 4: Sliding-scale rates do not apply when residential property is acquired by certain corporates and ‘non-natural persons’ (companies, partnerships with a company as a partner and collective investment schemes) for more than £500,000. Instead, these entities pay a flat rate of 17% SDLT from 31 October 2024 (15% up to 30 October 2024) (19% and 17% for non-UK resident entities for respective dates), subject to relief for qualifying activities or bodies. ‘Non-natural persons’ may also be subject to the Annual Tax on Enveloped Dwellings (ATED) regime.
| SDLT for first-time buyers from 1 April 2025 | Rates of tax |
| Up to £300,000 | Nil |
| Next portion from £300,001 to £500,000 | 5% |
| Remaining amount above £500,000 | Standard rates apply |
| SDLT for first-time buyers
from 23 September 2022 – 31 March 2025 |
Rates of tax |
| Up to £425,000 | Nil |
| Next portion from £425,001 to £625,000 | 5% |
| Remaining amount above £625,000 | Standard rates apply |
Non-residential properties or mixed-use properties
| Property or lease premium or transfer value | Rates of tax |
| Up to £150,000 | Nil |
| The next portion from £150,001 to £250,000 | 2% |
| The remaining amount above £250,000 | 5% |
New leasehold properties: SDLT rates on net present value (NPV) of rent: 23 September 2022 – 31 March 2025
| Residential property | Non-residential or mixed-use properties | Rates of tax |
| Up to £250,000 | Up to £150,000 | Nil |
| Over £250,000 | Next portion from £150,001 to £5m | 1% |
| Over £5m | 2% |
New leasehold properties: SDLT rates on net present value (NPV) of rent: From 1 April 2025 onwards
| Residential property | Non-residential or mixed-use properties | Rates of tax |
| Up to £125,000 | Up to £150,000 | Nil |
| Over £125,000 | Next portion from £150,001 to £5m | 1% |
| Over £5m | 2% |
SCOTLAND: LAND AND BUILDINGS TRANSACTION TAX (LBTT) RATES
Residential properties: from 16 December 2022
| Property or lease premium or transfer value | Only property rates | Additional property rates (note 6) |
| Up to £145,000 (note 5) | Nil | 6% |
| Next portion from £145,001 to £250,000 | 2% | 8% |
| Next portion from £250,001 to £325,000 | 5% | 11% |
| Next portion from £325,001 to £750,000 | 10% | 16% |
| Remaining amount over £750,000 | 12% | 18% |
Note 5: First-time Buyer Relief continues to apply in Scotland, increasing the nil-rate band from £145,000 to £175,000 for first-time buyers.
Note 6: Higher rates do not apply while replacing main residence, subject to meeting certain conditions or for purchases under £40,000. The 6% rate will apply to transactions entered into on or after 16 December 2022.
Non-residential properties or mixed-use properties
| Property or lease premium or transfer value | Rates of tax |
| Up to £150,000 | Nil |
| Next portion from £150,001 to £250,000 | 1% |
| Remaining amount over £250,000 | 5% |
Non-residential leasehold properties: Net present value (NPV) of rent
| NPV of rent payable | Rates of tax |
| Up to £150,000 | Nil |
| Next portion from £150,001 to £2m | 1% |
| Remaining amount over £2m
|
2% |
WALES: LAND TRANSACTION TAX (LTT) RATES
Residential properties: from 10 October 2022
| Property value | Only property rates | Additional property rates |
| Up to £180,000 | Nil | 4% |
| Next portion from £180,001 to £225,000 | Nil | 7.5% |
| Next portion from £225,001 to £250,000 | 6% | 7.5% |
| Next portion from £250,001 to £400,000 | 6% | 9% |
| Next portion from £400,001 to £750,000 | 7.5% | 11.5% |
| Next portion from £750,001 to £1.5m | 10.0% | 14.0% |
| Remaining amount over £1.5m | 12.0% | 16.0% |
Non-residential properties or mixed-use properties
| Property or lease premium or transfer value | Rates of tax |
| Up to £225,000 | Nil |
| Next portion from £225,001 to £250,000 | 1% |
| Next portion from £250,001 to £1m | 5% |
| Remaining amount over £1m | 6% |
Non-residential leasehold properties: LTT rates on NPV of rent
| NPV of rent payable | Rates of tax |
| Up to £225,000 | Nil |
| Next portion from £225,001 to £2m | 1% |
| Remaining amount over £2m | 2% |
| Stamp duty on shares and securities |
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Stamp duty payable on transfer of shares and securities is 0.5%, subject to the value of the consideration being above £1,000.
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