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SDLT Rates and Thresholds for Residential Properties

Residential Properties - SDLT Rates and Thresholds

From December 2014 SDLT is now charged at increasing rates for each portion of the purchase price rather than a set amount for the whole purchase price. Use HM Revenue and Customs’ (HMRC) SDLT calculator to work out how much you’ll pay.

Purchase Price

SDLT Rate from 4 December 2014

Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

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Example of New Stamp Duty Calculations

A buyer exchanges contracts for the purchase of a house for £345,000 on 11 November 2015, with completion expected in December 2015.

The SDLT on the property is calculated as follows.

If you exchanged contracts before 4 December 2014 you may be entitled to pay SDLT using the old rules.

Charge

Tax Amount

0% on the first £125,000 (a) £0
2% on the next £125,000 up to £250,000(b) £2,500
5% on the final £95,000 up to £925,000 (c) £4,750
Total SDLT (a + b + c) £7,250