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To ensure social distancing measures are maintained, Modus Property staff are temporarily working remotely from home. During this time our central phoneline service is reduced, so please use our email address hello@modus-property.com ,or website booking form to get in-touch with our team.

We would like to thank you for your patience, and apologise for any inconvenience this may have caused.

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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