What is Stamp Duty Land Tax (SDLT)?
When purchasing a property in England or Northern Ireland, you must pay Stamp Duty Land Tax (SDLT) to HMRC. The tax amount is calculated progressively based on the purchase price.
Standard Residential SDLT Rates
- Up to £250,000: 0%
- £250,001 - £925,000: 5%
- £925,001 - £1,500,000: 10%
- Over £1,500,000: 12%
First-Time Buyer Exemptions
First-time buyers are eligible for tax reliefs on primary home purchases:
- 0% SDLT: Up to £425,000.
- 5% SDLT: On the portion between £425,001 and £625,000.
- Note: If the purchase price exceeds £625,000, you lose the relief completely and pay standard rates on the entire price.
Action Plan: Plan Property Fees
- Verify Your Eligibility: Make sure you have never owned residential property anywhere in the world to claim the relief.
- Estimate SDLT Costs: Use our UK Stamp Duty Land Tax (SDLT) Calculator to check the bill.
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