Here are the rates you pay on Stamp Duty Land Tax (SDLT) for 2022 and 2023.
The SDLT for most properties in the UK
|0%||Up to £250,000|
|5%||Over £250,000 to £925,000.|
|10%||Over £925,000 to £1,500,000.|
Rates effective 23rd September 2022 to 31st March 2025
Source: Gov residential rates
First-time buyers get additional discounts as follows:
Rates effective 23rd September 2022
The Rates for disadvataged areas of the UK finished with transactions up to and including 6th April 2013.
Since October 2007 if you home is classed as zero carbon and has a selling price under £500,000 then you're completely exempt from the tax. The scheme ran for five years until 30th September 2012.
This tax is for commercial properties such as offices and shops but also includes agricultural land, any property or land not used for residential purposes and if you purchase six or more residential properties in a single transaction.
Using the Net Present Value (NPV) of the lifetime of the lease:
Rates effective from 17th March 2016.
Source: Gov commercial rates