Stamp Duty Land Tax SDLT

SDLT Rates from 1 April 2025

Below are the new SDLT rates effective from April 2025, along with details for first-time buyers and second home buyers.

New SDLT Rates for Residential Properties

Rates from 1 April 2025

For All Homebuyers:

• Up to £125,000: 0%

• The next £125,000 (the portion from £125,001 to £250,000): 2%

• The next £675,000 (the portion from £250,001 to £925,000): 5%

• The next £575,000 (the portion from £925,001 to £1.5 million): 10%

• The remaining amount (the portion above £1.5 million): 12%

Example Calculation for All Homebuyers

For a property priced at £295,000, the SDLT you owe will be calculated as follows:

• 0% on the first £125,000 = £0

• 2% on the next £125,000 = £2,500

• 5% on the final £45,000 = £2,250

• Total SDLT = £4,750

For First-Time Buyers

From April 2025, the SDLT rates for first-time buyers will change as follows:

• Up to £300,000: 0%

• The next £200,000 (the portion from £300,001 to £500,000): 5%

• If the purchase price exceeds £500,000, first-time buyer relief does not apply.

Example Calculation for First-Time Buyers

For a property priced at £350,000, the SDLT calculation will be:

• 0% on the first £300,000 = £0

• 5% on the remaining £50,000 = £2,500

• Total SDLT = £2,500

For Second Home Buyers

Second home buyers will face higher rates of SDLT starting April 2025:

• Up to £125,000: 5%

• The next £125,000 (the portion from £125,001 to £250,000): 7%

• The next £675,000 (the portion from £250,001 to £925,000): 10%

• The next £575,000 (the portion from £925,001 to £1.5 million): 15%

• The remaining amount (the portion above £1.5 million): 17%

Example Calculation for Second Home Buyers

For an investment property priced at £350,000, the SDLT calculation will be:

• 5% on the first £125,000 = £6,250

• 7% on the next £125,000 = £8,750

• 10% on the final £100,000 = £10,000

• Total SDLT = £25,000