Stamp Duty
The current rates are provided on our Stamp Duty Land Tax (SDLT) calculator page found here.
Opportunities to substantially reduce the SDLT arising on purchases of multiple residential properties.
Buy to let example 1
- Purchase of two vacant flats for £500,000
- Ordinarily of SDLT of £73,750 arises as these are linked transactions” (assume additional 3% applies)
- Make a Multiple Dwellings Relief (MDR) claim?
- Reduces SDLT to £60,000
Buy to let example 2
- Purchase of 6 vacant flats for £3m
- SDLT at residential rate would be £363,750 (if additional 3% applied)
- Make a Multiple Dwellings Relief (MDR) claim?
- Reduces SDLT to £180,000
For more information please visit www.gov.uk/stamp-duty-land-tax or consult with your solicitor.
If you are purchasing your first home, you get a stamp duty relief for any purchase under £300,000 which means there is no SDLT to pay. Our calculator will take this into account and automatically give you the relevant figure.
If you are a second home owner/investor, there will be an addition surcharge for SDLT to pay. Our calculator will take this into account and automatically give you the relevant figure.