Stamp Duty Land Tax (SDLT) applies to residential property purchases in England, including every London borough. Rates since 1 April 2025 for a main residence are:

  • Up to £125,000 – 0%
  • £125,001 to £250,000 – 2%
  • £250,001 to £925,000 – 5%
  • £925,001 to £1.5 million – 10%
  • Above £1.5 million – 12%

First-time buyers

First-time buyers pay nothing on the first £300,000 and 5% on the portion from £300,001 to £500,000. If the price is above £500,000 no first-time buyer relief is available and standard rates apply.

Additional properties and overseas buyers

A 5% surcharge applies on top of the standard rates if you will own more than one residential property after completion, and non-UK residents pay a further 2% surcharge.

Rates can change at Budgets, so always confirm current figures on GOV.UK and with your solicitor. Try our Stamp Duty calculator for an estimate.