On the transfer of property in England, Wales and Northern Ireland, the SDLT is:

Residential Property

Consideration Sole Additional
Value up to £40,000 0% 0%
Over £40,000 - £125,000 0% 3%
Over £125,000 - £250,000 2% 5%
Over £250,000 - £925,000 5% 8%
Over £925,000 - £1,500,000 10% 13%
Over £1,500,000 12% 15%

Residential SDLT calculated on the consideration falling within each band. Additional SDLT of 3% may apply to the purchase of additional residential properties from 1 April 2016.

Non-residential Property

Consideration Rate
Value up to £150,000 0%
Over £150,000 - £250,000 2%
Over £250,000 - £500,000 5%

From 17 March 2016 the calculation of SDLT on purchase of non-residential property was changed from the whole transaction value to the same basis as residential (consideration falling within each band).

SDLT rates for leasehold rent transactions have also changed, with a new 2% rate on leases with a net present value (NPV) over £5 million.

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