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Stamp Duty Land Tax: Revised rates 1 July 2021 – 30 September 2021

by | Jul 1, 2021 | Clients, Client Lenders

Starting today, there are revised Stamp Duty Land Tax (SDLT) rates.

Revised rates from 1 July to 30 September 2021

Property value SDLT rate
Up to £250,000 Zero
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%

 

Example:

In July 2021 you buy a house for £275,000. The SDLT you owe will be calculated as follows:

0% on the first £250,000 = £0

5% on the remaining £25,000 = £1,250

total SDLT = £1,250

Use the official gov.uk SDLT calculator to work out how much tax you’ll pay.

 

Higher rates for additional properties

You will usually have to pay 3% on top of SDLT rates if buying a new residential property means you will own more than one.

For more information including special rates and circumstances, visit the government’s SDLT page.

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