Stamp Duty Land Tax

The costs of stamp duty that apply to buy-to-let purchases in England, Wales and Northern Ireland are as follows:

 

  • Property price under £40,000 stamp duty 0%
  • Property price £40,000–£125,000 stamp duty 3%
  • Property price £125,001–£250,000 usual duty 2% plus an additional 3% = 5%
  • Property price £250,001–£925,000 usual duty 5% plus an additional 3% = 8%
  • Property price £925,001–£1.5m usual duty 10% plus an additional 3% = 13%
  • Property price over £1.5m usual duty 12% plus an additional 3% = 15

In Scotland stamp duty is called Land and Buildings Transaction Tax (LBTT) and the rates are as follows:

 

  • Property price under £40,000 stamp duty 0%
  • Property price £40,000–£145,000 stamp duty 3%
  • Property price £145,000–£250,000 usual duty 2% plus an additional 3% = 5%
  • Property price £250,001–£325,000 usual duty 5% plus an additional 3% = 8%
  • Property price £325,001–£750,000 usual duty 10% plus an additional 3% = 13%
  • Property price over £750,000 usual duty 12% plus an additional 3% = 15%