Stamp Duty

Question 2

What is SDLT?

Answer 2

tax paid on the purchase of property or land in England and Northern Ireland. The amount depends on the property price, type (residential or commercial), and buyer status (e.g., first-time buyer or additional property owner).

Question 3

How is SDLT calculate for non-residential or mixed use property?

Answer 3

SDLT on commercial property is calculated based on the purchase price using a tiered system:

Up to £150,000 = 0%
£150,001 to £250,000 = 2%
Above £250,000 = 5%

Question 4

What are the current SDLT tax brackets for residential property before 1-Apr-2025?

Answer 4

Up to £250,000 - 0%
£250,001 - £925,000 - 5%
£925,001 - £1.5m = 10%
Above £1.5m = 12%

Question 5

What are the current SDLT tax brackets for residential property after 1-Apr-2025?

Answer 5

Up to £125,000 - 0%
£125,001 - £250,000 - 2%
£250,001 - £925,000 - 5%
£925,001 - £1.5m = 10%
Above £1.5m = 17%

Question 6

What are the SDLT tax brackets for first time buyers from before 1 April 2025?

Answer 6

First time buyers can currently claim relefi with a nil rate up to £425,000 and 5% on the portion from £425,001 to £625,000.

There is no releif if the price is over £625,000.

Question 7

What are the SDLT tax brackets for first time buyers from after 1 April 2025?

Answer 7

up to £300,000 - 0%
£300,001 - $500,000 - 5%