From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property.
SDLT is payable by the purchaser in a land transaction occurring in England and Northern Ireland. The following rates and thresholds apply for SDLT from 1 July 2021 to 30 September 2021:
| Residential property (£) |
Rate (%) |
| 0 - 250,000 |
0 |
| 250,001 - 925,000 |
5 |
| 925,001 - 1,500,000 |
10 |
| 1,500,001 and above |
12 |
LTT is payable by the purchaser in a land transaction occurring in Wales. From 1 July 2021 the rates for residential property are:
| Residential property (£) |
Rate (%) |
| 0 - 180,000 |
0 |
| 180,001 - 250,000 |
3.5 |
| 250,001 - 400,000 |
5 |
| 400,001 - 750,000 |
7.5 |
| 750,001 - 1,500,000 |
10 |
| 1,500,000 and above |
12 |
There are no changes to the rates and bands for Land and Property Transaction Tax which apply in Scotland.
Internet links: SDLT rates LTT rates
How we can help
If your charity is in London or the surrounding areas we can help you. Contact us at Edward Amber to find out more.