Property tax changes

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

Address

WBD Accountants, Marlbridge House, Enterprise Way, Edenbridge, Kent TN8 6HF

Contact us today!

01732 865965

WBD is the trading name of WBD Accountants Limited. Registered in England & Wales. Registered company number: 5746975. Registered office address: Marlbridge House, Enterprise Way, Edenbridge, Kent TN8. Registered to carry on audit work and regulated for a range of investment activities by the Institute of Chartered Accountants in England and Wales.

We use cookies on this website, you can find more information about cookies here.