Property purchases in the UK must be paid stamp duty by the buyer. In England and Northern Ireland, it is called Stamp Duty Land Tax (SDLT). In Scotland, it is Land and Buildings Transaction Tax (LBTT). Lastly, it is called Land Transaction Tax (LTT) in Wales.
Below, we outline stamp duty land tax rates 2024 for every UK region, both for residential and non-residential (commercial or mixed-use) properties. Read on.
Stamp Duty Land Tax Rates UK
Stamp duty bill is based on the following:
- How much the property is
- Whether an individual is a first-time buyer or not
- If the purchase is an additional property
- If the buyer is a UK resident or not
- Which region in the UK the property is bought
- When the property was purchased
- Whether the property is residential or not
- If non-residential, whether the property is freehold or leasehold
Check out our Stamp Duty Land Tax Calculator UK to determine stamp duty liabilities, verified by our tax experts upon request to ensure accurate results.
Stamp Duty Land Tax Rates for Residential Properties
Stamp duty rates have remained the same since September 2022, only set to change in March 2025. Non-UK resident investors always face the 2% surcharge levy.
In England and Northern Ireland, the standard rates are different from stamp duty land tax rates first time buyer, as well as in Scotland. Eligible first-time buyers pay less stamp duty or none if buyers are within the tax-free threshold. Wales has no official special tax treatment for first time residential property investment, but it offers an equivalent.
The government sees to it that everyone in the UK can move up the property ladder despite their income bracket; hence, offers first-time homebuyers stamp duty ‘discounts’ on their first residential property purchase.
Check out the rates below, covering first-time and additional property purchases (e.g., buy-to-let mortgage, etc.).
| Purchase Price | SDLT Rates | Additional Property Rates |
|---|---|---|
|
Up to £250,000 |
0% |
3% |
|
Between £250,001 and £925,000 |
5% |
8% |
|
Between £925,001 and £1.5 million |
10% |
13% |
|
More than £1.5 million |
12% |
15% |
SDLT First-Time Buyer Rates
| Purchase Price | SDLT First-Time Buyer Relief Rates |
|---|---|
|
Up to £425,000 |
0% |
|
Between £425,001 and £625,000 |
5% |
|
More than £625,001 |
Normal rates apply (refer above) |
LBTT Normal Rates (Scotland)
| Purchase Price | LBTT Rates | Additional Property Rates |
|---|---|---|
|
Up to £145,000 |
0% |
4% |
|
Between £145,001 and £250,000 |
2% |
6% |
|
Between £250,001 and £325,000 |
5% |
9% |
|
Between £325,000 and £750,000 |
10% |
14% |
|
More than £750,000 |
12% |
16% |
LBTT First-Time Buyer Rates
| Purchase Price | LBTT First-Time Buyer Relief Rates |
|---|---|
|
Up to £175,000 |
0% |
|
Between £175,001 and £250,000 |
2% |
|
Normal rates apply (refer above) |
— |
LTT Rates (Wales)
| Purchase Price | LTT Rates | Additional Property Rates |
|---|---|---|
|
Up to £180,000 |
0% |
4% |
|
Between £180,001 and £250,000 |
3.5% |
7.5% |
|
Between £250,001 and £400,000 |
5% |
9% |
|
Between £400,001 and £750,000 |
7.5% |
11.5% |
|
Between £750,001 and £1.5m |
10% |
14% |
|
More than £1.5m |
12% |
16% |
For more information about reliefs and exemptions, see What Is First Time Buyer Stamp Duty Relief? [2024].
Visit relevant article: Do I Pay Tax if I Sell My House? A Beginner’s Guide
Stamp Duty Land Tax Rates for Commercial/Mixed-Use Properties
Leasehold and freehold properties have different rates in England and Northern Ireland. See below the stamp duty land tax rates for companies or non-residential/mixed-use properties.
SDLT Freehold Property Rates
| Purchase Price | SDLT Rates |
|---|---|
|
Between £0 and £150,000 |
0% |
|
Between £150,001 and £250,000 |
2% |
|
More than £250,001 |
5% |
SDLT Leasehold Property Rates
| Purchase Price | SDLT Rates |
|---|---|
|
Between £0 and £150,000 |
0% |
|
Between £150,001 and £5 million |
1% |
|
More than £5 million |
2% |
LBTT Non-Residential Property Rates
| Purchase Price | LBTT Rates |
|---|---|
|
Between £0 and £150,000 |
0% |
|
Between £150,001 and £250,000 |
1% |
|
More than £250,000 |
5% |
LTT Non-Residential Property Rates
| Purchase Price | LTT Rates |
|---|---|
|
Between £0 and £225,000 |
0% |
|
Between £225,001 and £250,000 |
1% |
|
Between £250,0001 and £1 million |
5% |
|
More than £1 million |
6% |
For more information about this property tax, check out All You Need to Know About Stamp Duty Tax.
Stamp Duty Land Tax FAQs
Stamp duty taxation in the UK was initially introduced in 1694 to raise funds for the war against France, intended as a temporary measure. However, it became a successful revenue source for the government and continues to be applied to property transactions and various documents today.
Owning a property abroad does not exempt a person from paying stamp duty in the UK when purchasing an additional home. For instance, if someone owns a property in England and buys a holiday dwelling in Greece, they will still be liable for the tax.
In the UK, stamp duty is calculated in ‘slices,’ with different rates applied to portions of the property’s value. For example, on a £400,000 property, one pays no stamp duty on the first £250,000 and 5% (£7,500) on the remaining £150,000.
In the UK, stamp duty is calculated in ‘slices,’ with different rates applied to portions of the property’s value. For example, on a £600,000 property, one pays no stamp duty on the first £250,000 and 5% on the next £350,000.
On 31 March 2025, it is anticipated that the stamp duty nil rate threshold in the UK will decrease from £250,000 to £125,000. It is still uncertain if any additional changes to stamp duty will occur before that date.
How Legend Financial Can Help
To get an accurate calculation of your stamp duty land tax rates 2024, consult our tax experts at Legend Financial. We have been in the industry for over ten years, so you can trust us to provide the most reliable advice on all tax affairs related to property ownership.
From working out your stamp duty obligations to filing your tax returns once the payment is due, and more, you have got us. Talk to one of our tax advisors today!
