COVID-19 UPDATE:  We are still open and operating safely for buyers, sellers, renters and landlords. Find out more

Stamp duty information when buying property

Stamp Duty Land Tax (SDLT) must be paid if you are buying land or a property over  a fixed amount.  Currently for residential property, the threshold is £125,000 and £150,000 for non –residential land and properties.

You must pay this tax when you buy a freehold property, a new or existing leasehold, a property through a shared ownership scheme or are transferred land or property in exchange for payment (for example you take on a mortgage or buy a share in a house).

If you are buying a property as a buy-to-let investment, the Stamp Duty you will pay is 3% on top of the usual SDLT rate.

How much will you pay?
SDLT rate - Property or lease premium or transfer value

Zero  up to £125,000                                                
2%from £125,001 to £250,000
5%from £250,001 to £925,000
10%from £925,001 to £1.5 million
12%from £1.5 million upwards


Stamp Duty