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Stamp Duty Tax Rates

The stamp duty regime has also seen a number of important alterations in recent times, and further measures take effect for the 2018/19 tax year. First-time buyers living in England, Wales and Northern Ireland paying £300,000 or less for a residential property, no longer need to pay Stamp Duty Land Tax (SDLT) from 22 November 2017, whilst those paying between £300,000 and £500,000 pay SDLT at 5% on any purchase amount in excess of £300,000.
From 1 April 2018, Wales rolls out its own stamp duty equivalent, the Land Transaction Tax (LTT), which protects the important structure of SDLT but with some key differences, including a higher starting threshold for residential properties. Wales has no plans to launch a relief for first-time buyers.