Stamp Duty Land Tax Rates For Residential Property


If you buy a house for £675,000, the SDLT you owe is £23,750

If you buy a house for £1,000,000, the SDLT you owe is £43,750

If you buy a house for £5,000,000, the SDLT you owe is £513,750


Individuals and companies need to pay 3% on top of the normal SDLT rates when they buy an additional residential property in England, Wales or Northern Ireland. The higher rates apply even if your other properties are outside any of these countries.


If you buy an additional property for £675,000, the SDLT you owe is £44,000

If you replacing your main home
You won’t have to pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold. If you sell your main home after you purchase your new home you’ll still have to pay the higher rate. You can claim a refund of the higher rates if your previous home is sold within 3 years of buying your new home.