SDLT & Property Taxation

Question 1

When is SDLT payable?

Answer 1

✅ Residential properties:

0% on up to £250,000.
5% on £250,001 - £925,000.
10% on £925,001 - £1.5m.
12% on over £1.5m.

✅ Second homes/additional properties: 3% surcharge.

Question 2

When is SDLT relief available?

Answer 2

✅ First-time buyers:
No SDLT on up to £425,000.
5% on £425,001 - £625,000​.
Relief lost on amount > £425,000.

Question 3

Additional charge?

Answer 3

✅ Second homes/additional properties: 3% surcharge.