News article
Autumn Statement 2022 – Stamp duty land taxes
ENGLAND & NORTHERN IRELAND: STAMP DUTY LAND TAX (SDLT) RATES
Residential properties: 23 September 2022 onwards
Property value | UK residents | Non-UK residents | ||
| Only property | Additional property | Only property | Additional property |
Up to £250,000 | Nil | 3% | 2% | 5% |
Next portion from £250,001 to £925,000 | 5% | 8% | 7% | 10% |
Next portion from £925,001 to £1,500,000 | 10% | 13% | 12% | 15% |
Remaining amount above £1,500,000 | 12% | 15% | 14% | 17% |
Residential properties: 1 October 2021-22 September 2022
Property value | UK residents | Non-UK residents | ||
| Only property | Additional property | Only property | Additional property |
Up to £125,000 | Nil | 3% | 2% | 5% |
Next portion from £125,001 to £250,000 | 2% | 5% | 4% | 7% |
Next portion from £250,001 to £925,000 | 5% | 8% | 7% | 10% |
Next portion from £925,001 to £1,500,000 | 10% | 13% | 12% | 15% |
Remaining amount above £1,500,000 | 12% | 15% | 14% | 17% |
Note 1: From 1 April 2016, higher rates of SDLT apply on purchases of additional properties by individuals. This rate is also payable by companies and other entities.
Note 2: From 1 April 2021, non-UK residents purchasing a residential property in England and Northern Ireland will be subject to a 2% SDLT surcharge in addition to the main rate SDLT payable by UK residents.
Note 3: Higher rates do not apply while replacing main residence, subject to meeting certain conditions or for purchases under £40,000.
| SDLT for first-time buyers | Rates of tax |
| from 23 September 2022-31 March 2025 (note 4) | |
| Up to £425,000 | Nil |
| Next portion from £425,001 to £625,000 | 5% |
| Remaining amount above £625,000 | Standard rates apply |
| SDLT for first-time buyers | Rates of tax |
| from 1 July 2021-22 September 2022 | |
| Up to £300,000 | Nil |
| Next portion from £300,001 to £500,000 | 5% |
| Remaining amount above £500,000 | Standard rates apply |
Note 4: From 23 September 2022, first-time buyers are eligible to apply for a relief for properties up to the value of £625,000. If the property price is over £625,0000, existing SDLT rates apply on the full price as described in the above tables.
As announced on 17 November 2022, the changes announced on 23 September 2022 will now be a temporary SDLT reduction until 31 March 2025. The government will amend the Stamp Duty Land Tax (Reduction) Bill to implement this measure.
Note 5: Sliding-scale rates do not apply when residential property is acquired by certain corporates and ‘non-natural persons’ (companies, partnerships with a company as a partner and collective investment schemes) for more than £500,000. Instead, these entities pay a flat rate of 15% SDLT (17% for non-UK resident entities), subject to relief for qualifying activities or bodies. ‘Non-natural persons’ may also be subject to the Annual Tax on Enveloped Dwellings (ATED) regime.
Non-residential properties or mixed-use properties
Property or lease premium or transfer value | Rates of tax |
Up to £150,000 | Nil |
The next portion from £150,001 to £250,000 | 2% |
The remaining amount above £250,000 | 5% |
New leasehold properties: SDLT rates on net present value (NPV) of rent
Residential property (note 6) | Non-residential or mixed-use properties | Rates of tax |
Up to £125,000 | Up to £150,000 | Nil |
Over £125,000 | Next portion from £150,001 to £5m | 1% |
| Over £5m | 2% |
Note 6: On leases granted from 8 July 2020 to 31 March 2021 for residential properties, the nil-rate threshold is extended to £500,000 and the 1% rate applies to portions above £500,000 only.
If you require the tables for Scotland or Wales, or if you have any questions regarding Stamp Duty Land Taxes, please contact us.