End of SDLT Holiday

14th September 2021

Back in July 2020, The Government launched the so-called Stamp Duty Holiday for residential properties, as part of a strategy to give the UK property market a much-needed boost during the Covid 19 pandemic. Stamp Duty Land Tax (SDLT) is payable on purchases of UK property. The amount of consideration which is exempt from SDLT when acquiring a single residential property (the nil rate band) increased from £125,000 to £500,000. The nil rate band remained at this level for just under a year before The Government began phasing out the scheme. On 1 July 2021 the nil rate band initially reduced from £500,000 to £250,000 and is set to return to the pre pandemic level of £125,000 from 1 October 2021, with return of the 2% rate on consideration between £125,000 and £250,000.


The changes to Stamp Duty Land Tax from 1 October 2021 can be summarized as follows:


SDLT 01/07/2021 – 30/09/2021

Purchase price of residential property


SDLT Main rates SDLT Higher rates for additional properties
Up to £250,000 0% 3%
The next £675,000 (up to £925,000) 5% 8%
The next £575,000 (up to £1.5 million) 10% 13%
Remainder over £1.5 million 12% 15%


SDLT from 01/10/2021  

Purchase price of residential property


SDLT Main rates SDLT Higher rates for additional properties
Up to £125,000 0% 3%
The next £125,000 (up to £250,000) 2% 5%
The next £675,000 (up to £925,000) 5% 8%
The next £575,000 (up to £1.5 million) 10% 13%
Remainder over £1.5 million 12% 15%


For first time buyer purchases under £500,000 special rates will continue to apply, with no SDLT due on the first £300,000 and SDLT being charged at 5% on additional consideration up to £500,000. Normal rates apply for first time buyer purchases over £500,000.

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