You must pay Stamp Duty Land Tax (SDLT) when you buy a property or a land over a certain value.

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.

You pay tax when you:
  • Buy a property through a shared ownership scheme

  • Are transferred land or property in exchange for payment, e.g. you take on a mortgage or a buy a share in a house

  • Buy a freehold property

  • Buy a new or existing leasehold

If you are using a solicitor which is highly likely then they will request this money from you in order that they can pay HMRC on completion.

Please use the calculator below to see how much you will pay in SDLT for residential property.
hmrc.gov.uk

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