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Stamp Duty
Land Tax

You are required to pay Stamp Duty Land Tax (SDLT) if you purchase a property over the SDLT threshold in England and Northern Ireland. That threshold is currently £125,000 for residential properties and £150,000 for non-residential land and properties.

 The tax is different if the property or land is in Scotland or Wales, for further information visit https://www.gov.uk/stamp-duty-land-tax

 SDLT is payable on purchases of freehold property, leasehold property and any property purchased via a shared ownership scheme.

The current SDLT rates for purchases of residential property are as follows:

 

Property or lease premium or transfer value

SDLT Rate

Up to £125,000

Zero

The next £125,000 (the portion from £125,001 to £250,000)

2%

The next £675,000 (the portion from £250,001 to £925,000)

5%

The next £575,000 (the portion from £925,001 to £1.5 million)

10%

The remaining amount (the portion above £1.5 million)

12%

 

If you purchases investment properties in addition to your main home you will pay a Stamp Duty Land Tax surcharge of 3%

The current SDLT rates for purchases of non-residential property are as follows:

 

Property or lease premium or transfer value

SDLT Rate

Up to £150,000

Zero

The next £150,000 (the portion from £150,001 to £250,000)

2%

The remaining amount (the portion above £250,000)

5%

 

For further information visit
www.gov.uk/stamp-duty-land-tax

Team MODUS

Get in touch

Modus Property Limited

Modus House, 100a Wakefield Road, Lepton, Huddersfield, West Yorkshire, United Kingdom, HD8 0DL

Phone: +44 (0)1484 971065

Email: hello@modus-property.com

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