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SDLT Rates and Thresholds for Residential Properties

SDLT Rates and Thresholds for Residential Properties

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 £125,000Zero
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