2026 Rates Updated March

⚠️ April 2025 Change Nil-rate threshold returned to £125,000. Buyers above £125k now pay more SDLT.
Threshold -50% ↓ FTB relief to £300k Additional +3% unchanged

Quick Summary: SDLT 2025/26

Current stamp duty land tax rates from 1 April 2025, England & Northern Ireland.

Standard Purchase
£125k
nil-rate threshold from April 2025
First Time Buyer
£300k
nil-rate band for FTB relief
Additional Property
+3%
surcharge on all bands
Higher Rate
12%
on portion above £1,500,000

SDLT Rate Tables 2025/26

All current stamp duty rates for England & Northern Ireland, Scotland and Wales.

1. England & Northern Ireland — Standard Residential

Property Price Band SDLT Rate Tax on Band Notes
Up to £125,000 0% £0
£125,001 – £250,000 2% Up to £2,500 Standard band
£250,001 – £925,000 5% Up to £33,750 Main band
£925,001 – £1,500,000 10% Up to £57,500 Higher band
Over £1,500,000 12% Highest band

2. First Time Buyer Relief

Property Price Band SDLT Rate Notes
Up to £300,000 0% Full relief
£300,001 – £500,000 5% Partial relief
Over £500,000 Standard rates apply No relief — all buyers must be first time buyers

All buyers in a joint purchase must be first time buyers to qualify. You must never have owned a residential property anywhere in the world.

3. Additional Property / Buy to Let (+3% Surcharge)

Property Price Band SDLT Rate (Standard + 3%)
Up to £125,000 3%
£125,001 – £250,000 5%
£250,001 – £925,000 8%
£925,001 – £1,500,000 13%
Over £1,500,000 15%

The 3% surcharge applies to second homes, buy to let, and holiday lets. An exception applies if you are replacing your main residence within 36 months.

4. Scotland — Land and Buildings Transaction Tax (LBTT)

Property Price Band LBTT Rate Notes
Up to £145,000 0% Nil band
£145,001 – £250,000 2%
£250,001 – £325,000 5%
£325,001 – £750,000 10%
Over £750,000 12%
FTB relief (first £175,000) 0% First time buyer relief threshold

LBTT is administered by Revenue Scotland, not HMRC. Check revenueScotland.gov.uk for current rates.

5. Wales — Land Transaction Tax (LTT)

Property Price Band LTT Rate
Up to £225,000 0%
£225,001 – £400,000 6%
£400,001 – £750,000 7.5%
£750,001 – £1,500,000 10%
Over £1,500,000 12%

LTT is administered by the Welsh Revenue Authority. Check gov.wales/land-transaction-tax for current rates.

6. Non-Residential & Mixed Use

Property Price Band SDLT Rate
Up to £150,000 0%
£150,001 – £250,000 2%
Over £250,000 5%

SDLT by Purchase Price

How much stamp duty at common property price points — standard, first time buyer, and additional property.

Purchase Price Standard Buyer First Time Buyer Additional Property
£200,000 £1,500 £0 £6,000
£350,000 £7,500 £2,500 £17,000
£500,000 £12,500 £10,000 £27,500
£750,000 £25,000 Std rates apply £47,500

FTB relief does not apply above £500,000 — standard rates apply in full. Additional property figures include the 3% surcharge on all bands.

Worked Examples

Step-by-step SDLT calculations for different buyer types and property prices.

First Time Buyer — Manchester flat
£285,000
Property price £285,000
Buyer type First time buyer
SDLT on first £300k 0%
Total SDLT £0 (saving £4,750 vs standard)
FTB relief applied ✓ Yes
Family upsizing — Surrey house
£450,000
Property price £450,000
Buyer type Standard (existing owner)
SDLT on first £125k at 0% £0
SDLT on next £125k at 2% £2,500
SDLT on remaining £200k at 5% £10,000
Total SDLT £12,500
Buy to let — Leeds
£320,000
Property price £320,000
Buyer type Additional property
Standard SDLT £8,500
3% surcharge £9,600
Total SDLT £18,100
Effective rate 5.66%

Special Circumstances

Different rules may apply in these situations

🏠 Mixed Use Property

Properties with both commercial and residential elements (e.g. a shop with a flat above) may be treated as non-residential, capping the effective rate at 5%. This can represent a significant saving over standard residential SDLT.

🔧 Uninhabitable Property Relief

If a property is genuinely unfit for use as a dwelling at the time of purchase, reduced non-residential rates may apply. Evidence of the uninhabitable condition is required and HMRC scrutinises these claims closely.

🏭 Multiple Dwellings Relief

Buying two or more residential properties in a single transaction? You can claim MDR and calculate SDLT on the average price per dwelling rather than the total purchase price, often significantly reducing the total bill.

🔑 Shared Ownership

You can elect to pay SDLT on the full market value of the property upfront (no further SDLT on future staircasing), or pay on the initial share only and pay further SDLT each time you staircase above 80% ownership.

⚖️ Divorce & Separation Transfers

Property transfers between spouses or civil partners as part of a divorce or separation are usually exempt from SDLT, even if a mortgage is taken on. The transfer must be in accordance with a court order or formal agreement.

📰 Inherited Property

Inheriting a property is generally exempt from SDLT. However, if you take on a mortgage attached to the inherited property, SDLT may apply on the value of the debt assumed. Seek legal advice for complex estates.

When Does SDLT Apply?

Key rules and transaction types that affect your SDLT liability

📄 Freehold vs Leasehold

SDLT applies to the purchase premium for both freehold and leasehold properties. For new leases, SDLT may also be charged on the net present value of the rent over the lease term, in addition to any purchase premium paid.

🏛️ New Build Additional Charges

Some new build developers offer to pay SDLT on your behalf as a sales incentive. Always check your contract carefully — if the developer pays, it can be treated as a discount on the purchase price and affect your mortgage valuation.

🏢 Commercial Property

Non-residential and mixed-use property uses different SDLT rate bands (0%, 2%, 5%). Linked transaction rules also apply — buying multiple commercial properties from the same seller may be treated as a single transaction.

🌎 Overseas Buyers Surcharge

Non-UK resident buyers pay an additional 2% surcharge on top of all standard SDLT rates — including on top of the 3% additional property surcharge if applicable. This has applied since April 2021 regardless of UK residency history.

Key SDLT Dates

Important dates in the history of stamp duty thresholds and filing deadlines.

23 September 2022

Temporary relief raised nil-rate threshold to £250,000. First time buyer relief raised to £425,000.

31 March 2025

Temporary relief ended. Thresholds returned to pre-2022 levels from the following day.

1 April 2025 — Current

Nil-rate threshold returned to £125,000. FTB relief nil-rate band set at £300,000. These are the rates in force now.

Always — 14-day filing deadline

SDLT return must be filed and any tax paid within 14 days of completion. Automatic penalties apply for late filing.

Common Property Purchase Mistakes to Avoid

1. Not budgeting for stamp duty upfront. Many buyers focus solely on the deposit and mortgage payments, forgetting that SDLT can add thousands of pounds to their costs. On a £350,000 home, a standard buyer owes £7,500 in stamp duty alone.

2. Assuming first time buyer relief applies automatically. Relief is not applied unless you actively claim it. If even one joint buyer has previously owned property anywhere in the world, the relief is lost for the entire purchase.

3. Ignoring additional purchase costs beyond SDLT. Solicitor fees, survey costs, mortgage arrangement fees, and removal expenses can add £3,000–£5,000 or more. Always calculate the full cost of moving, not just the property price.

4. Confusing exchange and completion dates. SDLT is calculated on the completion date, not exchange. If you exchange before 1 April but complete after, the new rates apply. This catches buyers off guard when thresholds change.

5. Overlooking the 14-day filing deadline. Your SDLT return must be filed and tax paid within 14 days of completion. Late filing triggers automatic penalties from HMRC starting at £100, even if no tax is owed.

5 Steps to Calculate Your Property Costs

  1. Establish your total budget. Add up your deposit, mortgage amount, and all buying costs. Use our calculator to find the exact SDLT figure so there are no surprises on completion day.
  2. Check your buyer category. Determine whether you are a first time buyer, standard buyer, or additional property purchaser. Each category has different SDLT rates and thresholds that significantly affect total costs.
  3. Calculate stamp duty for your price range. SDLT is charged in bands, not as a flat rate. For example, on a £400,000 standard purchase: £0 on the first £125,000, £2,500 on the next £125,000, and £7,500 on the remaining £150,000 — totalling £10,000.
  4. Add solicitor, survey and mortgage fees. Conveyancing typically costs £1,000–£2,000, a homebuyer survey £400–£700, and mortgage arrangement fees £0–£2,000. Factor in all of these when comparing properties.
  5. Review your total outlay before making an offer. Combine the property price, SDLT, and all fees into one figure. This gives you a realistic picture of affordability and prevents financial strain after moving in.

Property Tax Thresholds Across the UK

Detail England & NI (SDLT) Scotland (LBTT) Wales (LTT)
Tax name Stamp Duty Land Tax Land & Buildings Transaction Tax Land Transaction Tax
Nil-rate threshold £125,000 £145,000 £225,000
First time buyer nil-rate £300,000 £175,000 No specific FTB relief
Additional property surcharge +3% on all bands +6% on all bands +4% on all bands
Non-resident surcharge +2% No surcharge No surcharge
Filing deadline 14 days 30 days 30 days
Did You Know? The average UK homebuyer pays around £5,000 in stamp duty, but first time buyers purchasing below £300,000 pay nothing at all. Over 50% of first time buyer transactions are completely SDLT-free under current thresholds.
Did You Know? Wales has the most generous nil-rate threshold in the UK at £225,000 — nearly double England's £125,000 threshold. A £200,000 property attracts £1,500 SDLT in England but zero LTT in Wales.
Did You Know? HMRC collected over £14.7 billion in SDLT in the 2024/25 tax year. Stamp duty is one of the UK's largest property-related taxes and directly funds public services.

Pro Tips for Reducing Your Property Costs

Solicitors recommend: Always request a full breakdown of costs before instructing a conveyancer. Fixed-fee conveyancing can save £500–£1,000 compared to hourly-rate firms, and prevents unexpected charges at completion.

HMRC allows: If you are buying multiple dwellings in a single transaction (for example, a house with an annexed flat), Multiple Dwellings Relief may reduce the SDLT due by averaging the price across each unit.

Tax advisors suggest: Timing your purchase strategically can yield significant savings. If you are close to a rate band boundary, negotiating the price down by even £1,000 could drop you into a lower SDLT bracket and save substantially more.

Property experts advise: Consider the total cost of ownership, not just purchase costs. Energy efficiency, council tax band, and potential maintenance expenses can outweigh any stamp duty savings over a five-year period.

Potential Savings: Real Examples

Scenario 1: First Time Buyer at £295,000

Without FTB relief: SDLT = £0 on first £125,000 + £2,500 on next £125,000 + £2,250 on remaining £45,000 = £4,750

With FTB relief: Entire £295,000 is within the £300,000 nil-rate band = £0

Saving: £4,750

Scenario 2: Negotiating £260,000 Down to £250,000

At £260,000: £0 on first £125,000 + £2,500 on next £125,000 + £500 on remaining £10,000 = £3,000

At £250,000: £0 on first £125,000 + £2,500 on next £125,000 = £2,500

Saving: £500 in SDLT plus £10,000 off the purchase price

Scenario 3: Reclaiming the 3% Surcharge After Selling

Buying a £400,000 second home (before selling old one): Standard SDLT £10,000 + 3% surcharge £12,000 = £22,000

After selling previous home within 36 months: Reclaim the £12,000 surcharge from HMRC = £10,000 total

Saving: £12,000 refund from HMRC

Frequently Asked Questions

Common questions about stamp duty land tax, reliefs and filing.

From 1 April 2025, the nil-rate threshold for standard residential purchases is £125,000. No SDLT is charged on the first £125,000 of the purchase price. This returned to the pre-2022 level after the temporary relief ended on 31 March 2025. Source: gov.uk/stamp-duty-land-tax
For a standard buyer: 0% on first £125,000 (£0), 2% on next £125,000 (£2,500), 5% on remaining £50,000 (£2,500). Total: £5,000. For a first time buyer: 0% on the full £300,000. Total: £0. Source: gov.uk/stamp-duty-land-tax
You qualify if you have never owned a residential property anywhere in the world — including overseas. For joint purchases, ALL buyers must be first time buyers. Relief gives 0% on the first £300,000 and 5% on the portion from £300,001 to £500,000. Above £500,000, standard rates apply and no relief is available. Source: gov.uk/sdlt-first-time-buyers
If you are buying an additional residential property — a second home, buy to let, or holiday home — while owning another property, you pay an extra 3% on top of the standard SDLT rate on every band. There is an exception if you are replacing your main residence. Source: gov.uk/stamp-duty-land-tax/higher-rates
Yes. Scotland uses Land and Buildings Transaction Tax (LBTT) administered by Revenue Scotland. Wales uses Land Transaction Tax (LTT) administered by the Welsh Revenue Authority. Neither uses SDLT. Check revenueScotland.gov.uk and gov.wales/land-transaction-tax for current rates. Source: revenueScotland.gov.uk / gov.wales/land-transaction-tax
You must file an SDLT return and pay any tax owed within 14 days of completion (not exchange). Late filing or payment attracts automatic penalties starting at £100, rising to £200, plus interest on unpaid tax. Source: gov.uk/stamp-duty-land-tax/filing-returns
SDLT is triggered by and calculated at completion, not exchange of contracts. The 14-day deadline runs from the completion date. Source: gov.uk/stamp-duty-land-tax
Non-UK residents pay an additional 2% surcharge on top of all standard SDLT rates (and on top of the 3% additional property surcharge if applicable). This applies regardless of whether the buyer has ever lived in the UK. Source: gov.uk/guidance/non-uk-resident-stamp-duty-land-tax-surcharge
You can elect to pay SDLT on the full market value upfront (and pay nothing on future staircasing), or pay on the initial share only and then pay again as you staircase to above 80% ownership. Source: gov.uk/sdlt-shared-ownership-property
Inherited property is generally not subject to SDLT unless you take on a mortgage attached to the property. If there is a mortgage, SDLT may apply on the value of the debt assumed. Source: gov.uk/stamp-duty-land-tax/reliefs-and-exemptions
If you buy two or more dwellings in a single transaction, you can claim Multiple Dwellings Relief (MDR). SDLT is calculated on the average price per dwelling rather than the total, which can significantly reduce the bill. Source: gov.uk/guidance/multiple-dwellings-relief
Yes — if you purchase a new main residence before selling your old one (meaning you temporarily own two properties), you pay the 3% surcharge. You can reclaim it if you sell the previous main residence within 36 months of buying the new one. Source: gov.uk/stamp-duty-land-tax/higher-rates