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Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is paid by the purchaser to the government on most property or land transactions. The amount is calculated on the purchase price or transfer value and according to various bands set by the government.

Your In-Deed quote will calculate the correct amount for the value of property you are buying; get your fixed-fee quote with our online generator. 

From December 2014, the rates are:

Purchase price of residential property Rate of SDLT (percentage of total purchase price) Second home rate 

  • £0 - £125,000 0% 3%
  • £125,001 - £250,000 2% 5%
  • £250,001 - £925,000 5% 8%
  • £925,001 - £1.5 million 10% 13% 
  • Over £1 million 12% 15%

What you pay to HMRC will depend on the price paid for the property and will be apportioned across the bands. So, for example, if you bought your home for £650,000, the first £125,000 will incur no charge, the next £125,000 will be charged at a rate of 2%, and the last £400,000 will be charged at a rate of 5%.

Note that the government runs occasional schemes for specific groups who might pay less SDLT. Your In-Deed conveyancing solicitor will be able to confirm whether any such schemes are currently running and whether you are eligible to apply for them. Call our friendly team of expert advisers on 0800 038 6886 to discuss your move plans in more detail. 

To find out more, read our Stamp Duty Land Tax (SDLT) guide