Temporary Stamp Duty changes announced for UK homebuyers up to 31 March 2021

England and Northern Ireland

With effect from Wednesday 8 July, the Stamp Duty Land Tax (SDLT) threshold increased from £125,000 to £500,000 for home movers and £300,000 to £500,000 for first time buyers. This will be in place until Wednesday 31 March 2021. This means that all purchase customers will now pay no Stamp Duty on a property up to and including £500,000. The 3% stamp duty surcharge will still apply to second homes and Buy to Let properties, but this will be on the new temporary rates.

Property or lease premium or transfer value                                 SDLT rate

Up to £500,000                                                                                 Zero

The next £425,000 (the portion from £500,001 to £925,000)        5%

The next £575,000 (the portion from £925,001 to £1.5 million)      10%

The remaining amount (the portion above £1.5 million)                 12%


Homebuyers in Scotland will be able to take advantage of reduced rates of Land and Buildings Transaction Tax (LBTT) from Wednesday 15 July. The threshold at which LBTT begins to be paid will rise from £145,000 to £250,000 and will remain in place until Wednesday 31 March 2021.  The rates for the Additional Dwelling Supplement and non-residential LBTT remain unchanged

Purchase price                                   LBTT rate

Up to £250,000                                  Zero

Above £250,000 to £325,000            5%

Above £325,000 to £750,000            10%

Over £750,000                                    12%


From Monday 27 July the threshold for paying Land Transaction Tax (LTT) on a house purchase will increase from £180,000 to £250,000.  This is a temporary measure until Wednesday 31 March 2021 and will not apply to the purchase of additional properties such as Buy to Lets or second

Purchase price                                        LTT rate

Up to £250,000                                       Zero

Above £250,000 to £400,000                 5%

Above £400,000 to £750,000                 7.5%

Above £750,000 to £1,500,000               10%

Above £1,500,000                                    12%