Answers · UK 2025/26
What is the SDLT surcharge on second homes in 2026?
From 31 October 2024, buyers of second homes and buy-to-let properties pay an additional 5% SDLT surcharge on top of standard rates. For example, a second property at £300,000 would attract 5% on the full value (£15,000) plus standard SDLT on the applicable bands. This replaced the previous 3% surcharge.
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From 31 October 2024 (Budget announcement), the Higher Rates for Additional Dwellings (HRAD) surcharge increased from 3% to 5%. This means buyers of second homes, buy-to-let properties, and other additional residential properties pay a 5% surcharge on every pound of the purchase price, on top of the standard SDLT rates. Example: a second home purchased for £300,000 in England would pay standard SDLT of £5,000 (on the applicable bands for 2026/27) plus the 5% surcharge of £15,000, totalling £20,000. First-time buyers are not subject to the surcharge on their first purchase. There are limited exemptions, including replacing a main residence (where the previous main home has been sold). The surcharge applies in England and Northern Ireland; Scotland (ADS) and Wales (higher rates) have their own separate additional dwelling charges.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.