On the transfer of property in England and Northern Ireland, the SDLT is:
|Value up to £125,000||0%|
|Over £125,000 – £250,000||2%|
|Over £250,000 – £925,000||5%|
|Over £925,000 – £1,500,000||10%|
As announced in the Autumn Budget, from 22 November 2017 first-time buyers paying £300,000 or less for a residential property will pay no SDLT. First-time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000.
In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases where the net present value (NPV) of rent is more than £125,000.
The purchase of additional residential properties may result in 3% being added to each of the above rates.
|Value up to £150,000||0%|
|Over £150,000 – £250,000||2%|
|Over £250,000 – £500,000||5%|
In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases with an NPV of more than £150,000 and this rises to 2% on leases with an NPV greater than £5m.