Tax Band | Normal Rate | Additional Property |
---|---|---|
less than £500k | 0% | 3%* |
£500k to £925k | 5% | 8% |
£925k to £1.5m | 10% | 13% |
rest over £1.5m | 12% | 15% |
* An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £500k the SDLT rate will be 3% on full purchase price. The SDLT rates above apply to freehold residential purchases in England and Northern Ireland. |