Rates - Land and buildings

RATES - LAND AND BUILDINGS

We have pulled together rates and allowances for land and buildings including, Stamp Duty Land Tax, Land and Building Transaction Tax and Land Transaction tax which may be useful to you.

Stamp Duty Land Tax (STLT)

SDLT is paid on  transactions in England and Northern Ireland.

Residential property by natural person (1), (2) Non residential property
Limit Rate (3) Limit Rate
Up to £125,000 0% Up to £150,000 0%
£125,001 - £250,000 2% £150,001 - £250,000 2%
£250,001 - £925,000 5% Over £250,000 5%
£925,001 - £1,500,000 10% N/A N/A
Over £1,500,000 12% N/A N/A

(1) Additional residential property costing £40,000 or more is subject to a 3% additional charge.

(2) First time buyers in England and Northern Ireland paying £300,000 or less for a residential property on or after 22 November 2017 pay no SDLT and 5% between £300,000 and £500,000.

(3) Rates are applied on a graduated basis with a portion of the purchase price within each tier charged at the above rates.

A flat rate of 15% is applied to residential properties held in a 'corporate envelope' costing over £500,000. 

There is a higher rate of SDLT that applies to purchases of additional residential property such as a buy to let and a second homes. 

Land and building Transaction Tax (LBTT)

LBTT is paid on land and property transactions in Scotland.

Residential property by natural person (1), (2) Non residential property
Limit Rate (3) Limit Rate
Up to £145,000 0% Up to £150,000 0%
£145,001 - £250,000 2% £150,001 - £250,000 1%
£250,001 - £325,000 5% Over £250,000 5%
£325,001 - £750,000 10% N/A N/A
Over £750,000 12% N/A N/A

(1) Additional residential property costing £40,000 or more is subject to a 4% additional charge (was 3% up to 24 Jan 2019) .

(2) First time buyers in Scotland paying £175,000 or less for a residential property pay no LBTT.(1) Additional residential property costing £40,000 or more is subject to a 4% additional charge (was 3% up to 24 Jan 2019) .

(3) Rates are applied on a graduated basis with a portion of the purchase price within each tier charged at the above rates.

Land Transaction Tax

LTT is paid on land and property transactions in Wales.

Residential property by natural person (1), (2) Non residential property
Limit Rate (3) Limit Rate
Up to £180,000 0% Up to £150,000 0%
£180,001 - £250,000 3.5% £150,001 - £250,000 1%
£250,001 - £400,000 5% £250,001 - £1,000,000 5%
£400,001 - £750,000 7.5% Over £1,000,000 6%
£750,001 - £1,500,000 10% N/A N/A
Over £1,500,000 12% N/A N/A

(1) Additional residential property costing £40,000 or more is subject to a 3% additional charge.

(2) Unlike SDLT  and LDTT there is no first time buyer relief for buyers of land in Wales.

(3) Rates are applied on a graduated basis with a portion of the purchase price within each tier charged at the above rates.

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