Rishi Sunak has announced a stamp duty holiday extension to 30th June 2021 in the Budget 2021.
Rates from 8 July 2020 to 30 June 2021
You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £500,000 | Zero |
| The next £425,000 (the portion from £500,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
ExampleIn March 2021 you buy a house for £625,000. The SDLT you owe will be calculated as follows:
- 0% on the first £500,000 = £0
- 5% on the remaining £125,000 = £6,250
- total SDLT = £6,250
Stamp Duty Land Tax: Residential property rates – GOV.UK (www.gov.uk)