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About Stamp Duty Land Tax
What is Stamp Duty Land Tax?

Stamp Duty Land Tax (SDLT) is a tax paid when purchasing property or land in England and Northern Ireland. The amount you pay depends on the purchase price, whether you're a first-time buyer, and if it's an additional property.

When do you pay SDLT?

SDLT must be paid within 14 days of completing the purchase. Your solicitor will usually handle this for you.

First-Time Buyer Relief

First-time buyers purchasing a property under £500,000 can claim relief. You'll pay no SDLT on the first £300,000.

Additional Properties

If you're buying an additional property (e.g., second home or buy-to-let) you'll usually pay an extra 5% on top of the normal SDLT rates. This applies if you'll own more than one property at the end of the purchase day.

Non-UK Residents

If you're not a UK resident for tax purposes, you'll pay an additional 2% surcharge on top of all other applicable rates.

Mixed-Use Properties

Properties that include both residential and commercial elements (e.g., a shop with a flat above) may qualify for non-residential rates, which are typically lower for properties over £250,000.

Frequently Asked Questions

Stamp Duty Land Tax (SDLT) is a tax paid when purchasing property or land in England and Northern Ireland over a certain threshold. The amount you pay depends on the purchase price, property type, and buyer circumstances. Scotland has LBTT and Wales has LTT instead.

First-time buyers pay no stamp duty on the first £300,000. For properties between £300,001 and £500,000, you pay 5% on the portion above £300,000. If the property costs more than £500,000, you cannot claim the relief and standard rates apply to the entire purchase price.

If you're buying an additional property (second home, buy-to-let, or investment property), you pay an extra 5% on top of standard SDLT rates. This applies if you'll own more than one property at the end of the purchase day.

Stamp duty must be paid within 14 days of completing your property purchase. Your solicitor or conveyancer usually handles the payment and submission of the SDLT return to HMRC on your behalf.

Yes, non-UK residents pay an additional 2% surcharge on top of all other applicable SDLT rates when purchasing residential property in England and Northern Ireland. This applies whether buying as an individual or through a company.