Stamp Duty Land Tax (SDLT), commonly referred to as Stamp Duty, is simply the money we pay to the taxman when we buy property or land in England and Northern Ireland worth over a certain value.
If you need more information: Link to SDLT page at Gov.uk
The Stamp Duty holiday, first introduced by Chancellor, Rishi Sunak on 8 July 2020, has been extended and is now due to end on 30 September 2021. After 1 October 2021 Stamp Duty in England and Northern Ireland will return to previous levels.
Stamp Duty rates 1 March 2021 to 30 June 2021
The extended Stamp Duty holiday means that no tax will be levied on the first £500,000 of property purchases in England and Northern Ireland until 30 June 2021.
| Property or lease premium or transfer value | SDLT rate |
| Up to £500,000 | Zero |
| The next £425,000 (the portion from £500,001 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% |
Use the SDLT calculator to work out how much tax you’ll pay.
Stamp Duty rates from 1 July 2021 to 30 September 2021
From 1 July 2021 until 30 September 2021 no tax will be levied on the first £250,000 on residential property purchases in England and Northern Ireland.
| Property or lease premium or transfer value | SDLT rate |
| Up to £250,000 | Zero |
| 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% |
Use the SDLT calculator to work out how much tax you’ll pay.
Stamp Duty rates from 1 October 2021
These rates also apply if you bought a property before 8 July 2020.
You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).
| Property or lease premium or transfer value | SDLT rate |
| Up to £125,000 | Zero |
| 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% |
Use the SDLT calculator to work out how much tax you’ll pay.
Second Homes and Buy To Let Properties
The Stamp Duty holiday applies to the first £500,000 of the price of any residential property from April to June 2021; and £250,000 between July and September 2021. However, it is important to note that the Stamp Duty Surcharge remains the same for second homes and Buy To Let properties.
