How Stamp Duty Do I Need?

What is stamp duty?

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.

The tax is different if the property or land is in:

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. There are different rules if you’re buying your first home.


You get a discount (relief) that means you pay less or no tax if:

  • you complete your purchase on or after 22 November 2017

  • the purchase price is £500,000 or less

  • you, and anyone else you’re buying with, are first-time buyers

You pay the tax when you:

Stamp duty threshold in England

Property Value                                                                                                                                          Stamp duty rate


Up to £125,000                                                                                                Zero

The next £125,000 (the portion from £125,001 to £250,000)                                     2%

The next £675,000 (the portion from £250,001 to £925,000)                                    5%

The next £575,000 (the portion from £925,001 to £1.5 million)                                                   10%


The remaining amount (the portion above £1.5 million)                                           12%

If you’re buying a property in Scotland, you'll pay Land and Buildings Transaction Tax (LBTT) rather than stamp duty. LBTT rates are shown below. Scottish buyers are not affected by changes to first-time buyer stamp duty rules in England.

Stamp duty in Scotland, Northern Ireland and Wales

If you’re buying a property in Northern Ireland, you’ll pay the same stamp duty rates as if you were buying in England, including the first-time buyer exemption on the first £300,000 of the property value.

If you’re buying a property in Wales, under the Welsh government’s Land Transaction Tax (LTT), which replaced stamp duty in April 2018, there is no LTT to pay for all buyers purchasing homes costing up to £180,000.

The following table shows the main residential LTT rates and bands in Wales

Property Value                                                                                                                                               LBTT rate

Up to £145,000                                                                                                                                                  Zero

The next £105,000 (the portion from £145,001 to £250,000)                                                       2%

The next £75,000 (the portion from £250,001 to £325,000)                                                        5%


The next £425,000 (the portion from £325,001 to £750,000)                                                    10%


The remaining amount (the portion above £750,000)                                                                    12%

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Alliance Mortgages Limited is an Appointed Representative of  Goldwire Financial Solutions Ltd which is authorised and regulated by the Financial Conduct Authority No  Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.