Stamp Duty Land Tax (SDLT)
- Stamp Duty Land Tax reformed in 3 December 2014
- A progressive increase in Stamp duty
- Formerly an unfair slab Tax which previously distored and stifled the housing market just below each threshold.
- The scale from December 2014 is:
- 0% to £125k
- 2% £125k to to £250k
- 5% £250k to £925k
- 10% £925k to £1.5m
- 12% over £1.5m
- From April 2015 Scotland adopts a different (less favourable) scheme called "Land and Buildings Transaction Tax"
- Additional 3% payable by landlords for second (and more) properties - owned by same landlord.
See also
Published: 29 September 2015
Last Updated: 13 January 2022