Stamp Duty Land Tax rates (England and Northern Ireland)
These rates apply from 1 April 2025, when the temporary higher thresholds of 2022 ended.
| Portion of the price | Standard | Additional home |
|---|---|---|
| Up to £125,000 | 0% | 5% |
| £125,001 to £250,000 | 2% | 7% |
| £250,001 to £925,000 | 5% | 10% |
| £925,001 to £1.5 million | 10% | 15% |
| Above £1.5 million | 12% | 17% |
First-time buyers pay nothing up to £300,000 and 5% on the portion from £300,001 to £500,000. If the price is above £500,000 the relief is lost completely and standard rates apply to the whole price. Non-UK residents pay an extra 2% on every band.
A worked example
A home mover buying at £350,000 pays 0% on the first £125,000, 2% on the next £125,000 (£2,500) and 5% on the last £100,000 (£5,000): £7,500. A first-time buyer at the same price pays 5% on £50,000: £2,500. As a second home it would be £7,500 plus 5% of £350,000, £25,000.
Land and Buildings Transaction Tax (Scotland)
| Portion of the price | Rate |
|---|---|
| Up to £145,000 | 0% |
| £145,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| Over £750,000 | 12% |
First-time buyer relief raises the nil-rate band to £175,000, a saving of up to £600. Buyers of an additional home pay the Additional Dwelling Supplement of 8% of the whole price on top, for transactions from 5 December 2024.
Land Transaction Tax (Wales)
| Portion of the price | Main rates | Higher rates |
|---|---|---|
| Up to £180,000 | 0% | 5% |
| £180,001 to £225,000 | 0% | 8.5% |
| £225,001 to £250,000 | 6% | 8.5% |
| £250,001 to £400,000 | 6% | 10% |
| £400,001 to £750,000 | 7.5% | 12.5% |
| £750,001 to £1.5 million | 10% | 15% |
| Over £1.5 million | 12% | 17% |
Wales has no separate first-time buyer relief; the £225,000 nil-rate band applies to everyone buying their only home. Higher rates for additional properties apply from 11 December 2024.
When and how you pay
In England and Northern Ireland the return and payment are due within 14 days of completion; in Scotland and Wales, 30 days. Your solicitor or conveyancer normally files the return and pays from your funds on completion day, so budget for it alongside your deposit, legal fees and surveys. It cannot be added to most mortgages.
If you pay the additional-home surcharge but sell your previous main home within three years, you can usually claim the surcharge back.