Sdlt
Glossary
SDLT
Stamp Duty Land Tax (SDLT) is the UK tax payable when you buy property or land over a certain price threshold in England and Northern Ireland — Scotland uses Land and Buildings Transaction Tax (LBTT) and Wales uses Land Transaction Tax (LTT).
For residential property, the standard threshold has temporarily been £250,000 (£425,000 for first-time buyers) — both expected to revert to £125,000 and £300,000 respectively from April 2025. A 3% surcharge applies to additional properties (second homes, buy-to-lets), raised to 5% from 31 October 2024. Companies buying residential property at any price pay 15% on the whole amount above £500,000. SDLT must be paid (and the return filed) within 14 days of completion.
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