Page 25 - Budget 2021

STAMP DUTY LAND TAX, LAND AND BUILDINGS TRANSACTION TAX, LAND
RESTRICTION TAX AND STAMP DUTY

England and Northern Ireland: SDLT from 1 April 2021

ENGLAND & N IRELAND – STAMP DUTY LAND TAX (SDLT) ON SLICES OF VALUE
Residential property % Commercial Property %
To 30/6/21 1/7/21-30/9/21 From 1/10/21 Up to £150,000 0

Up to £500,000 Up to £250,000 Up to £125,000 0 £150,001 – £250,000 2

N/A N/A £125,000 - 2 Over £250,000 5
£250,000

£500,000- £250,001 – £250,001 – 5
£925,000 £925,000 £925,000

£925,001 – £1,500,000 10

Over £1,500,000 12

Notes
• 15% for purchases over £500,000 by certain non-natural persons
• First-time buyers: First £300,000 slice of value at 0% if property consideration is not more than £500,000
• All rates increased by 3% for purchase of additional residential property if value is £40,000 or more
• All rates increased by 2% for purchase of residential property by non-UK resident if value is £40,000 or more

Scotland: LBTT from 1 April 2021 – subject to possible legislative change

RESIDENTIAL (ON SLICE OF VALUE) RATE COMMERCIAL (ON SLICE OF RATE
¶
VALUE)
£145,000* or less Nil £150,000 or less Nil
£145,001* to £250,000 2% £150,001 to £250,000 1%
£250,001 to £325,000 5% Over £250, 000 5%
£325,001 to £750,000 10%
Over £750,000 12%
¶ All rates increased by 4% for purchase of additional residential property if value is £40,000 or more
*£175,000 for first-time buyers

Wales: LTT from 1 April 2021– subject to possible legislative change

RESIDENTIAL (ON SLICE OF VALUE) RATE COMMERCIAL (ON SLICE OF RATE
¶
VALUE)
£180,000 or less* Nil £225,000 or less Nil
£180,001 to £250,000* 3.5% £225,001 to £250,000 1%
£250,001 to £400,000 5% £250,001 to £1,000,000 5%
£400,001 - £750,000 7.5% Over £1,000, 000 6%
£750,001 to £1,500,000 10%
Over £1,500,000 12%

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