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Stamp Duty Land Tax

Are you looking to buy a property or land in the United Kingdom? then you have to pay Stamp Duty Land Tax (SDLT)!

This is charged on all purchases of houses, flats and other land and buildings.

The SDLT rate depends on:

  • The purchase price of the property
  • Whether the property is residential
  • Whether the property is in a disadvantaged area

Stamp Duty Land Tax is normally paid directly to your solicitor with your funds for the purchase of the property.

The Stamp Duty Land Tax rates on residential land or property are as follows :

Purchase Price of Property

Rate of SDLT (% of total purchase price)

 £0 - £125,000

 0%

 

 

 £125,001 - £250,000

2%

 

 

 £250,001 - £925,000

5%

 

 

 £925,000 - £1.5 Million

10%

 

 

 Over £1.5 Million

12%

 

 

 

So if you buy a house for £275,000 you will pay £3,750 in Stamp Duty Land Tax on top of the purchase price.

This is calculated as follows:

0% on the first £125,000 = £0

2% on the next £125,000 = £2,500

5% on the final £25,000 = £1,250

Total Stamp Duty Land Tax payable = £3,750

For more information on how to calculate your Stamp Duty Land Tax, please visit: Stamp Duty Land Tax. 

"We would not hesitate, as a small developer in recommending ADM Residential Sales. From the outset of our site of four new build properties (two semi-detached and two detached), Alethea was always in touch, advising us of potential viewers on her books to finding us all four buyers for our properties - two were "off plan". ADM Residential were very professional, updating their website and office on many occasions as many changes happen from plot plan to new build. All through the process from early stages to completion of all four properties ADM Residential were involved making sure that all parties were moving forward in the purchase process. There were occasions whereby Alethea would make contact outside of business hours so that we were fully up to date and moving on with the sales - this is definitely service "over and above", as we have never received this kind of service before within this industry. Fantastic communication, great service and pure drive from Alethea and her team from start to finish. We wish ADM Residential all the very best in the future. DBL Developments Ltd."
Wayne Armitage