Our robust and up-to-date Stamp Duty Land Tax (SDLT) mitigation strategy can be implemented on land or property in excess of £500,000. We may be able to assist those with property of a lower value – please call us on 0871 789 9988 for more information.
If you are purchasing land or property for commercial purposes, please click here to visit our commercial SDLT page.
SDLT rates for Residential Property
The table below applies for all freehold residential purchases and transfers and the premium paid for a new lease or the assignment of an existing lease.
Residential land or property SDLT rates and thresholds:
| Purchase price/lease premium or transfer value | SDLT rate | SDLT rate for first-time buyers |
| Over £125,000 to £250,000 | 1% | Zero |
| Over £250,000 to £500,000 | 3% | 3% |
| Over £500,000 – £1m | 4% | 4% |
| Over £1m+ | 5% | 5% |
If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £130,000 (by someone who is not a first-time buyer) is charged at 1 per cent, so £1,300 must be paid in SDLT. A house bought for £350,000 is charged at 3 per cent, so SDLT of £10,500 is payable.
First Time Buyers
The first time buyer’s £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive. The SDLT enquiry window is 10 months following completion (providing the appropriate returns are filed on time). Once this period has expired, HMRC cannot open an enquiry.
Stamp Duty Land Tax (SDLT) Strategy Information
Minimum:
Maximum:
Planning Insurance:
Suitability:
Reduce the Stamp Duty Land Tax on a residential property with our Degas planning structure.
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