The Stamp Duty Land Tax (SDLT) is a tax levied on buyers of residential property in the United Kingdom. Stamp duty is charged when the acquisition price reaches £500,000 until June 30, 2021. The threshold will be reduced to £250,000 on July 1, 2021, until September 30, 2021, when it will restore to £125,000 on October 1, 2021. Depending on the amount of the property purchased, the purchase date, and if you are a multiple house owner, stamp duty rates range from 2% to 12% of the purchase price. >> Stamp Duty Calculator <<
The stamp duty holiday has been extended from 31 March to 30 June 2021. After this date, the 0% stamp duty threshold will be reduced from £500,000 to £250,000 for three months until 30 September 2021. From 1 October, the 0% stamp duty threshold will return to £125,000, or £300,000 for first time buyers purchasing a property worth up to £500,000. Stamp Duty Land Tax has been replaced by a Land and Buildings Transaction Tax in Scotland and a Land Transaction Tax in Wales. We have updated our calculator below to give you the correct sum of stamp duty you need to pay. >> Stamp Duty Tax Calculator - 2021/2022 Updates ( 03/03/2021 ) <<