CLA Financial - Witney
CLA Financial - Witney

Rates of Stamp Duty Land Tax (SDLT)

From 4th December 2014, the rules regarding stamp duty changed. Under the old rules you would pay stamp duty at a single rate on the entire property price. Now, you will only pay the rate of tax on the part of the property price within each tax band. The new rates are as follows:

Purchase Price of Property Rates paid on the part of the property within each tax band  
£0 - £125,000 0%
£125,001 - £250,000 2%
£250,001 - £925,000 5%
£925,001 - £1,500,000 10%
£1,500,001 and over 12%

From 1st April 2016, there are new rates of stamp duty land tax on second properties. The rates are as follows:

Purchase Price of Property Rates paid on the part of the property within each tax band
£0 - £125,000 3%
£125,001 - £250,000

5%

£250,001 - £925,000 8%
£925,001 - £1,500,000 13%
£1,500,001 and over 15%

For more information on Stamp Duty, please read the following documents produced by HM Treasury:

HM_Treasury_Stamp_Duty_15.pdf
Adobe Acrobat document [187.8 KB]
SDLT Additional Properties
SDLT_summary_of_responses_final_14032016[...]
Adobe Acrobat document [530.1 KB]

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