Stamp duty rates from 1st October 2021
Purchase price under £125,000
No stamp duty is charged on properties under £125,000.
Purchase price between £125,001 and £250,000
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.
Purchase price between £250,001 and £925,000
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.
Purchase price between £925,001 and £1.5m
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.
Purchase price over £1.5m
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.
