UK Stamp Duty Rates

Taxes are usually the biggest amount payable when buying a property in the UK normally with a mortgage loan and are also payable on stock and share transfers. There are many myths surrounding these duties, so this site has the latest information.

The government sets stamp duty rates with HM Revenue and Customs (HMRC) collecting the tax on completion of a property transaction. The current percentages range from 0% (up to £500,000) to 12% for values over £1.5 million.

New: Calculate your stamp duty tax

Current Rates of Stamp Duty

Stamp Duty Holiday in effect. From 8th July 2020 to 30th June 2021 there is no stamp duty payable on the first £500,000 for any single property purchase. Rishi Sunak, the Chancellor of the Exchequer announced this stamp duty change on 8th July 2020 in his mini-budget (and the extension announced in the 2021 budget on 3rd March 2021).

Rate Charge Band
0% Up to £500,000
5% Over £500,000 to £925,000
10% Over £925,000 to £1,500,000
12% Over £1,500,000

Source: HMRC

Different rates apply in Scotland.

The above rates are applicable throughout 2021 until further notice.

2015 - 2021 Rates

The Chancellor of the Exchequer announced a radical change in the rates and structure during his 2014 Autumn statement.

Now the tax is only payable on the portion of the value in the bracket, and came into effect from Midnight 3rd December 2014.

For example; for a house sold for £300,000 the stamp duty payable is now £5,000 - (0% of £125,000 (£0) plus 2% of £125,000 (£2,500) plus 5% of £50,000 (£2,500) equals £5,000). Under the old system, the tax would have been £9,000, a substantial saving. (This calculation is outside of the current holiday rates).

See how much stamp duty you'll now pay in the UK

Types of Stamp Duty

These rates are fixed and are payable upon completion of a purchase of a property and the applicable amount will be deducted by your solicitor on your final account for conveyancing services. So what will you pay?

There are several types of charges payable on land-based transactions although most people are in Stamp Duty Land Tax payable on residential property sales.

  • Stamp Duty Land Tax (SDLT) for residential property.
  • SDLT for disadvantaged areas.
  • SDLT on new residential leasehold purchases.
  • SDLT on non-residential or mixed use properties.
  • Stamp Duty on the sale of shares.

Stamp Duty Land Tax for Residential Properties

This is the tax that most people will pay when they buy another property. It is generally the purchaser who pays this tax via their solicitor although some sellers will pay this tax for you as part of a sale agreement.

The percentage you pay depends on the sale price of your property and is currently only payable on a sale value above £125,000 (holiday in effect equals 0% up to £500,000) - the current rates are as follows:

Previous Rates of Stamp Duty Chart

The table below shows the percentage charged prior to the change to the current system. Previously you paid the liability on the entire property value in the band it fell into.

Rate Charge Band
0% Up to £125,000
1% Over £125,000 to £250,000
3% Over £250,000 to £500,000
4% Over £500,000 to £1,000,000
5% Over £1,0500,000 to £2,000,000
7% Over £2,000,000

Scotland now has its own system. Calculate LBTT rates online

Buy-To-Let Properties

Higher duties come into force from 1st April 2016 for buy-to-let properties and second homes. Click here for more information.

Latest News and Stamp Duty Changes

3rd March 2021

The stamp duty holiday is now extended until 30th June 2021. Additionally, you pay no tax for transactions up to £250,000 until 30th September 2021. The nil rate band falls back to £125,000 on 1st October 2021.

8th July 2020

A new stamp duty holiday begins so the nil rate band ends at £500,000 until 31st March 2021.

22nd November 2017

Stamp duty scrapped for first-time buyers on properties up to a value of £500,000 for the first £300,000. You pay no tax up to £300,000, then 5% for the portion between £300,001 and £500,000. If you're a first-time buyer and the property exceeds £500,000, then the standard rates apply on the entire price.

25th November 2015

New Buy-To-Let rates introduced.

27th April 2015

The Labour leader, Ed Miliband announced today that first-time buyers would pay no Stamp Duty on purchases up to £300,000. This Stamp Duty holiday would take effect under a Labour government and last three years.

Ed stated the £225m funding of this election incentive comes from a 2% increase in Duty for overseas investors and reducing tax avoidance from landlords.

1st April 2015

The Scottish Parliament announced a new system to replace Stamp Duty named Land and Buildings Transaction Tax. Check the new rates for Scotland and calculate any tax due.

3rd December 2014

New reforms of charging were introduced in the Chancellor's Autumn statement with higher bands for more expensive properties.


Find more details about the history of the rates by the Chancellors over the years.

Be aware that the stamp duty rate shown previously is payable on all the amount and is not split according to the percentages. So if you had a sale price of £260,000 then your payment rate is 3% of all of the £260,000.

Lower Rates for commercial property used by the business community still apply.

Your solicitor normally pays the tax on completion of your purchase. You'll incur a financial penalty if you don't pay on time and payment must be made within 30 days of legal completion.

SDLT for Disadvantaged Areas

The rates for disadvantaged areas of the UK are exactly the same as the above except the 1% rate starts at £150,000 rather than the standard £125,000

About Stamp Duty

Purchasing a house or shares has incurred the tax for many decades now.

The initial rate of 1% was drastically increased many times under the labour government from 1997 through to 2010 to a top rate of 7%.

The Conservative party made substantial reforms in late 2014 to increase the top rate even further to 12%. However, 98% of home sales will see a reduction in their overall tax bill from these changes.

Your solicitor usually calculates the amount due during your home move. The total amount makes up your final invoice, deducted from any proceeds, and automatically transferred over the HMRC on your behalf.

In legal terms, HM Revenue and Customs calculate what is termed "the consideration". Usually the consideration is simply the total purchase price, but could include other aspects of a sale.