Stamp Duty Land Tax October 2021 Residential Purchases
Posted on 30th September 2021 at 12:42
The SDLT holiday ends on 1st October 2021 - Tax Rates Change
Property or lease premium or transfer value SDLT rates
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
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 October 2021 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £45,000 = £2,250
Total SDLT = £4,750
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