Stamp duty land tax (SDLT)

This applies to transfer of land and buildings.

The rate depends on whether the property is residential or non-residential (which includes mixed used):

Value (£) Residential rate
0-125,000 Nil
125,001-250,000 2%
250,001-925,000 5%
925,001-1,500,000 10%
Above 1,500,000 12%

The rate applies to the part of the consideration that falls within each rate band (i.e., it is “stepped”).

Value (£) Non-residential (or mixed use) rate
0-150,000 Nil
150,001-250,000 2%
Over 250,000 5%

The rate applies to the entire chargeable consideration (i.e., it is not “stepped”).