Residential Land or Property SDLT rates and thresholds
Purchase price/lease premium or
transfer value |
SDLT Rate |
SDLT Rate
First Time Buyer |
| Up To £125,000 |
Zero |
Zero |
| Over £125,000 to £250,000 |
1% |
Zero |
| Over £250,000 to £500,000 |
3% |
3% |
| Over £500,000 |
4% |
4% |
If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £130,000 (by someone who is not a first-time buyer) is charged at 1 per cent, so £1,300 must be paid in SDLT. A house bought for £350,000 is charged at 3 per cent, so SDLT of £10,500 is payable.
First time buyers
The first time buyer's £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive.
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