Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) may become payable when you purchase a property. It can also become payable when you change the ownership of a property by way of a transfer of equity

If Stamp Duty Land Tax is payable when you purchase a property, it will be based upon a percentage of the purchase price of the property that you buy.

The table below sets out the SDLT rates and thresholds in respect of residential land or property:-

Purchase price/lease premium or transfer valueSDLT rateBuy-to-let/Second home rate (April 2016)
Up to £125,000Zero3%
Above £125,000 and up to £250,0002%5%
Above £250,000 and up to £925,0005%8%
Above £925,000 and up to £1.5 million10%13%
Over £1.5 million12%15%

For example, a house bought for £130,000 is charged at 0% for the first £125,000 and 2% for the remaining £5,000, so £100 must be paid in SDLT. A house bought for £350,000 is charged at 0% for the first £125,000, 2% for the next £125,000 and 5% for the remaining £100,000, so SDLT of £7,500 is payable..

HMRC have a helpful SDLT Calculator to assist you in working out the amount payable. Click here to be taken to the SDLT Calculator

When purchasing a property Sampson Solicitors will always advise you on whether SDLT is payable and the amount that will need to be paid. We will arrange for the necessary forms to be completed and submitted to HMRC together with any payment.

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