Residential property rates
The current tax rates are as below – for more detailed information see the Government Web Site – https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
See details below:-
| Property or lease premium or transfer value | SDLT rate |
| Up to £250,000 Zero | 0% |
| 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% |
Use the below link to work out how much tax you’ll pay.
