Property Taxes

Across the whole of the UK, residential rates may be increased by 3% (4% in Scotland and Wales) where further residential properties are acquired.

Stamp Duty Land Tax

Land and buildings in England and N. Ireland

Residential Band £ Rate % Non-residential Band £ Rate %
0 - 125,000 0 0 - 150,000 0
125,001 - 250,000 2 150,001 - 250,000 2
250,001 - 925,000 5 Over 250,000 5
925,001 - 1,500,000 10    
Over 1,500,000 12    

First-Time Buyer relief may apply to residential purchases up to £500,000.

Land and Buildings Transaction Tax

Land and buildings in Scotland

Residential Band £ Rate % Non-residential Band £ Rate %
0 - 145,000 0 0 - 150,000 0
145,001 - 250,000 2 150,001 - 250,000 2
250,001 - 325,000 5 Over 250,000 5
325,001 - 750,000 10    
Over 750,000 12    

First-Time Buyer relief may apply on the first £175,000 of residential purchases.

Land Transaction Tax

Land and buildings in Wales

Residential Band £ Rate % Non-residential Band £ Rate %
0 - 180,000 0 0 - 225,000 0
180,001 - 250,000 3.5 225,001 - 250,000 1
250,001 - 400,000 5 250,001 - 1,000,000 5
400,001 - 750,000 7.5 Over 1,000,000 6
750,001 - 1,500,000 10    
Over 1,500,000 12    

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