Stamp Duty Land Tax

On completion of your purchase, any Stamp Duty Land Tax due must be paid to HMRC within 30 days. We will collect this from you before completion and deal with the payment.

From 4 December 2014, SDLT for residential property is charged at different rates depending on the proportion of the purchase price that falls within each rate band, as follows:

Purchase price of Property Rate of SDLT
Up to £125,000 0
Over £125,000 to £250,000 2%
Over £250,000 to £925,000 5%
Over £925,000 to £1,500,000 10%
Over £1,500,000 12%

Example – the amount of SDLT payable on a house purchased for £350,000 will be:

0% on the first £125,000 = £0.00

2% on the next £125,000 = £2,500

5% on the final £100,000 = £5,000

Total SDLT payable = £7,500

Get In Touch Today