Home > For Your Family > Conveyancing solicitors > Stamp Duty Land Tax
For Your Family
Expert Solicitors. On Your Side.

Stamp Duty Land Tax when Buying a Property

Stamp Duty Land Tax (SDLT) replaced the old stamp duty system on 1 December 2003 and is a direct tax payable on the purchase or transfer of property or land in the UK where the amount paid is over a certain threshold. The amount you pay depends upon a number of things such as: 

  • Whether the land is residential or non-residential.
  • Whether the property is freehold or leasehold
  • Whether there are other linked transactions
  • Whether it is a purchase of a property or the transfer of a property that you already jointly own 

How is Stamp Duty Land Tax calculated? 

The current rates are: 

  • No tax on the first £125,000
  • 2% on the portion between £125,000 and £250,000
  • 5% on the portion between £250,000 and £925,000
  • 10% on the portion between £925,000 and £1.5 million
  • 12% on everything above £1.5 million 

Do I always have to pay Stamp Duty Land Tax when buying a property? 

There are exemptions such as transactions where no money changes hands (gifts) and property left in a will. Our expert team of property lawyers can advise you whether you will need to pay SDLT or whether you will be entitled to any reliefs or exemptions. 

Contact our conveyancing solicitors 

For further advice from our experienced team contact us today.  With years of experience behind us we give a friendly and professional service that ensures all of your residential property dealings are SDLT compliant. 

Contact us to discuss an enquiry or a case you have or feel free to pop in and see us at your local office by clicking on the links below: 

Bray & Bray's experts don't just dip in and out of different areas of law – all our lawyers specialise in certain areas and have the knowledge and confidence to take on any kind of case in their area of law. Contact us and we'll work alongside you from start to finish.

We know that when our clients are dealing with a stressful legal situation the last thing they need is to be confused by jargon, or made uncomfortable by stuffy professionals. Our plain speaking transparent approach puts people at ease and we're really proud of it.

We offer a complete range of legal services, from personal injury to family law, criminal defence and immigration. We have expert teams of lawyers working in all legal areas, and you'll never work with anyone who isn't fully versed in the relevant laws.

We're based in Leicester and the county but we serve clients nationwide, so don't hesitate to get in touch if you're based some distance away. We do everything we can to make things simple for clients based elsewhere – we'll keep in touch via phone and email, and we'll come and visit you should we need to.

Contact Us