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

About our team

Fiscalis was established in 2002 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike. We have many clients in the local community and service businesses, small and large, across many sectors.

Read more
Latest news

06 Jul 2021

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

Contact details

01993 774311

Fiscalis, Dunraven House, 6 Meadow Court, 41-43 High Street, Witney, Oxon OX28 6ER

© 2021 Fiscalis. All rights reserved. We use cookies on this website, you can find more information about cookies here. powered by totalSOLUTION