Stamp duty rates are calculated on the property purchase price. Stamp duty rates are different for residential and commercial property.
What are the current Stamp Duty Rates?
The current stamp duty rates in England, Wales and Northern Ireland are shown in the table below:
Stamp Duty Rates
Band Normal Rate Additional Property
less than £125k 0% 3%*
£125k to £250k 2% 5%
£250k to £925k 5% 8%
£925k to £1.5m 10% 13%
rest over £1.5m 12% 15%
* An additionl property purchased for less than £40k will attract 0% tax. For purchases from £40k to £125k the rate will be 3% on full purchase price.
For a single property purchase, no SDLT will be paid on the first £125,000. Between £125,000 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £925,000, 10% within the next band up to £1.5 million and 12% over that. For additional property, such as buy to let or second homes, there is now a 3% surcharge applied to all bands