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When you buy a residential property in England and Northern Ireland over a certain price you have to pay Stamp Duty Land Tax (SDLT).
The tax is paid to the government within 14 days of completion of the sale via an SDLT return to HMRC. If you have a solicitor, estate agent or conveyancer, they’ll usually file your return and pay the tax on your behalf on the day of completion and add the amount to their fees. They’ll also claim any relief you’re eligible for, such as if you’re a first-time buyer. You can also file the return and pay the tax yourself if you wish to do so.
On 8th July 2020 the Government announced a stamp duty holiday to support the economy through the COVID-19 crisis. This holiday was extended until 30th June 2021 but has since been updated until 30th September 2021. Since 30th June 2021, any purchases on a residential property over the value of £250,000 will be charged stamp duty. From 1st October 2021, tax will be payable for any property over the value of £125,000 – the amount being dependant on the value of the property.
Use our Stamp Duty Calculator to calculate how much stamp duty you could pay depending on your reason for purchasing the property and its value.
If you're buying in Scotland you will pay a Land and Buildings Transaction Tax.
No stamp duty is charged on properties under £125,000.
Buyers don’t pay stamp duty on the first £125,000. They then pay 2% on the remainder of the property price up to £250,000.
Buyers don’t pay stamp duty on the first £125,000. They then pay 2% on the portion of the price between £125,001 and £250,000, then 5% on the portion of the price over £250,001.
Buyers don’t pay stamp duty on the first £125,000. They then pay 2% on the portion of the price between £125,001 and £250,000, 5% on the portion of the price between £250,001 and £925,000 and 10% on the portion between £925,001 and £1.5 million.
Buyers don’t pay stamp duty on the first £125,000. They then pay 2% on the portion of the price between £125,001 and £250,000, 5% on the portion of the price between £250,001 and £925,000, 10% on the portion between £925,001 and £1.5 million and 12% on the portion over £1.5 million.
Find out how much you will pay when buying a residential property in England and Northern Ireland.
Buying your first home? Let us guide you through the process from start of finish.
Our helpful guide takes you step by step through the process for buying a house in England and Wales.
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