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Stamp Duty Land Tax Threshold Increase - June 1st 2021

Second home buyers and buy-to-let landlords SDLT

The 3% higher rate for purchases of additional dwellings applies on top of temporary reduced rates for the period 8 July 2020 to 30 June 2021 and also for the period 1 July 2021 to 30 September.

The following rates apply:

Higher Rates from 8 July 2020 to 30 June 2021

Property or lease premium or transfer value SDLT rate
Up to £500,000 3%
The next £425,000 (the portion from £500,001 to £925,000) 8%
The next £575,000 (the portion from £925,001 to £1.5 million) 13%
The remaining amount (the portion above £1.5 million) 15%

Higher Rates from 1 July 2021 to 30 September 2021

Property or lease premium or transfer value SDLT rate
Up to £250,000 3%
The next £675,000 (the portion from £250,001 to £925,000) 8%
The next £575,000 (the portion from £925,001 to £1.5 million) 13%
The remaining amount (the portion above £1.5 million) 15%

From 1 October 2021 the higher rates will then apply on top of the standard rates of SDLT.

Use the SDLT calculator to work out how much tax you’ll pay.