Stamp Duty Land Tax Rates for Residential Properties

When purchasing a residential property, the purchaser will pay stamp duty land tax where the purchase price exceeds £125,000. 

The rate of stamp duty land tax increases for each part of the price. 

For example, the purchaser will pay: 

  • nothing on the first £125,000
  • 2% on the next £125,000
  • 5% on the next £675,000
  • 10% on the next £575,000; and 
  • 12% on the rest (above £1.5 million).

There is a surcharge of 3% if the purchaser is buying a second home or 'buy-to-let property.

There is relief for first-time buyers paying £300,000 or less for a residential property and part relief for first-time buyers paying £500,000 or less for a residential property.

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