Land and Buildings Transaction Tax Guide

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland. The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. SDLT no longer applies in Scotland. Instead you pay Land and Buildings Transaction Tax when you buy a property.

Your dedicated agent will be able to advise you on the tax which will apply to you specifically. If you have any questions about Stamp Duty or Land and Buildings Transaction Tax, please contact us.  

Property ValueExisting residential SDLT ratesLand and Buildings Tax for 2nd property/Buy to Let
(Only applicable for properties over £40k)
Not exceeding £125,000 0% 3%
The next £125,000 (the portion from £125,001 to £250,000) 2% 5%
The next £675,000 (the portion from £250,001 to £925,000) 5% 8%
The next £575,000 (the portion £925,001 to £1.5 million 10% 13%
The remainder 12% 15%


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