2023/24

• SDLT is payable on land and property transactions in England and Northern Ireland.
• Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT).
• Property transactions in Wales are subject to Land Transaction Tax (LTT).

Residential property

The rates apply to the portion of the total value which falls within each band.

Consideration (£)	Rate
0 - 250,000	0%
250,001 - 925,000	5%
925,001 - 1,500,000	10%
1,500,001 and above	12%

These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.

First-time Buyer relief

First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £625,000. The rates apply to the portion of the total value which falls within each band.

Consideration (£)	Rate
0 - 425,000	0%
425,001 - 625,000	5%
for purchases over 625,000	normal rates apply

Non-residential SDLT rates

Consideration (£)	Rate
0 - 150,000	0%
150,001 - 250,000	2%
Over 250,000	5%

Payable on consideration which falls in each band.