What is stamp duty land tax (SDLT)?

Stamp duty land tax is a tax paid by the buyer of a UK property, where the purchase price exceeds £125,000. The stamp duty rate ranges from 1% to 4% of the purchase price, depending upon the value of the property bought.

• For properties sold ranging from £125,000 to £250,000 the rate is 1%
• 3% is payable for properties between £250,001 and £500,000 
• 4% is payable for properties over £500,001
• 5% is payable for properties over £1 million

When renting, if the income from a short term property let (up to seven years), residential tenancy or lease is above the threshold, then the landlord will have to pay the stamp duty land tax.

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