Stamp Duty Land Tax

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.

There are different rules if you’re buying your first home. You get a discount (relief) that means you pay less or no tax if:

• you complete your purchase on or after 22 November 2017
• the purchase price is £500,000 or less
• you, and anyone else you’re buying with, are first-time buyers

You pay the tax when you:

• buy a freehold property
• buy a new or existing leasehold
• buy a property through a shared ownership scheme
• are transferred land or property in exchange for payment, eg you take on a mortgage or buy a share in a house

How much you pay

How much you pay depends on whether the land or property is:

• residential and whether you’re a first-time buyer
• non-residential or mixed-use

You can use HM Revenue and Customs’ (HMRC) Stamp Duty Land Tax calculator to work out how much tax you’ll pay.