Residential land or property SDLT rates and thresholds
Purchase price/lease premium or transfer value
SDLT rate SDLT rate for
first-time buyers
Up to £125,000 Zero Zero
Over £125,000 to £250,000 1% Zero
Over £250,000 to £500,000 3% 3%
Over £500,000 4% 4%
If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £130,000 (by someone who is not a first-time buyer) is charged at 1 per cent, so £1,300 must be paid in SDLT. A house bought for £350,000 is charged at 3 per cent, so SDLT of £10,500 is payable.
First time buyers
The first time buyer's £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive.
SDLT threshold 3 Sept 2008 - 31 December 2009
Note that between 3 September 2008 and 31 December 2009 the starting threshold for SDLT was £175,000 - higher than shown in the table above. The threshold was reduced back to £125,000 from 1 January 2010.