Stamp Duty

Stamp Duty is a purchase tax you might have to pay when you buy property. But Stamp Duty Land Tax (or SDLT as it’s known) only applies in England and Northern Ireland. Scotland and Wales have their own systems of Stamp Duty which work differently and charge different rates of tax.

Quick reference tables for each of SDLT, LBTT and LTT are below.

You can download the latest spreadsheet to calculate stamp duty.

A little more detail (although with old figures) and some history on LBTT and LTT can be found in our blog post Welsh and Scottish stamp duty.

Stamp Duty Land Tax (SDLT) In England and Northern Ireland

For residential property in England and Northern Ireland, SDLT is charged as a percentage of the property purchase price which falls within each SDLT band as follows:

These rates are due to change on 1st October 2021, when the stamp duty holiday ends.

Purchase price LBTT rate Additional rate
Up to £250,000 0% 3%
Above £250,000 to £925,000 5% 8%
Above £925,000 to £1,500,000 10% 13%
Over £1,500,000 12% 15%

First time buyers can claim First Time Buyer Relief up to £500,000 (0% to £300,000 then 5% to £500,000). But if you buy a second home in England or Northern Ireland you have to pay a higher rate. This is 3% on top of the standard rate.

The official SDLT rate information is here.

Land and Buildings Transaction Tax (LBTT) In Scotland

For residential property in Scotland, LBTT is charged as a percentage of the property purchase price which falls within each LBTT band as follows:

Purchase price LBTT rate Additional rate
Up to £145,000 0% 4%
Above £145,000 to £250,000 2% 6%
Above £250,000 to £325,000 5% 9%
Above £325,000 to £750,000 10% 14%
Over £750,000 12% 16%

First time buyers can claim First Time Buyer Relief up to £175,000. But if you buy a second home or buy to let in Scotland you have to pay an Additional Dwelling Supplement or ADS. This is 4% on top of the standard rate for purchases above £40,000.

The official Scottish rate information is here.

Land Transaction Tax (LTT) In Wales

For residential property in Wales, LTT is charged as a percentage of the purchase price which falls within each LTT band as follows:

Price threshold LTT rate Higher rate
The portion up to and including £180,000 0% 4%
The portion over £180,000 up to and including £250,000 3.5% 7.5%
The portion over £250,000 up to and including £400,000 5% 9%
The portion over £400,000 up to and including £750,000 7.5% 11.5%
The portion over £750,000 up to and including £1,500,000 10% 14%
The portion over £1,500,000 12% 16%

If you buy a second home or buy to let, or if you’re buying through a company or trust, in Wales you have to pay the Higher Residential Rate. This is an extra 4% on top of the Main Residential Rate above. (Unlike Scotland and England there’s no concession for first time buyers.)

The official Welsh rate information is here.

Stamp Duty Calculations Built Into PaTMa

Don't want to do stamp duty calculations yourself? PaTMa has you covered:

Changes since original publication

  • July 2020 - SDLT, LTT and LBTT adjustments for the stamp duty holiday.
  • December 2020 - LTT higher rate was increased.
  • December 2020 - LTT non-residential thresholds were updated.
  • March 2021 - LBTT stamp duty holiday ended.
  • March 2021 - SDLT stamp duty holiday extended.
  • June 2021 - LTT stamp duty holiday ended.
  • June 2021 - SDLT stamp duty holiday tapering.