Glossary · UK
What is SDLT?
Stamp Duty Land Tax — the property transaction tax in England and Northern Ireland.
Full Definition
SDLT (Stamp Duty Land Tax) is the tax you pay when buying a residential or commercial property in England or Northern Ireland above the zero-rate threshold of £125,000 (£300,000 for first-time buyers, up to a £500,000 cap). The tax is “slabbed” — you pay each rate on the portion of the price within each band. An extra 5% surcharge applies to additional properties (buy-to-let, second homes); an extra 2% applies to non-UK residents. Scotland uses LBTT and Wales uses LTT instead.
Related Calculators
Read More
See Also
Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.