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Stamp Duty Land Tax (SDLT) Calculator and Rates

by Vidit Agarwal Marketing Director
First time buyers purchasing property from 1 October, the 0% stamp duty threshold will return to £125,000, or £300,000 for first time buyers purchasing a property worth up to £500,000. The stamp duty rate ranges from 2% to 12% of the purchase price, depending upon the value of the property bought, the purchase date and whether you are a first time buyer or multiple home owner.

Eligibility Criteria For Claiming Relief of Stamp Duty Land Tax

First Time Buyer

The relief is available for only those buyers who are buying for the first time in the regions where the SDLT is applicable. A first time buyer by definition is a person who either alone or in collaboration with other has not purchased any property of major interest anywhere around the world. It also includes acquisition of land by inheritance or as a gift.

Single Purchase

The relief is available to the purchase of a single dwelling only. Premises or property purchased consisting of more than one dwelling will not be eligible for the relief. There are several intricacies involving around the definition of “dwelling” which can be figured out in HMRC’s website.

Stamp Duty Land Tax (SDLT) Rates 

From 1 October 2021, rates will return to pre-Covid levels. That means the point you to start paying stamp duty will be £125,001:

  • £0-£125,000 = 0%
  • £125,001-£250,000 = 2%
  • £250,001-£925,000 = 5%
  • £925,001-£1,500,000 = 10%
  • £1,500,001+ = 12%

SDLT is a complicated tax. The amount of tax payable can depend on issues such as:

  • whether more than one property is purchased at the same time
  • whether any part of the property is commercial use
  • whether there is any land (or woodland) sold with the property
  • whether there is an annexe ('granny flat') or outbuilding.

To discuss this or any other property matter, get in touch with SDLT expert near you.


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About Vidit Agarwal Committed   Marketing Director

363 connections, 14 recommendations, 1,640 honor points.
Joined APSense since, August 31st, 2017, From Harrow, United Kingdom.

Created on Sep 28th 2021 13:16. Viewed 217 times.

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