A Quick Guide To The New Stamp Duty Land Tax (SDLT) Rates – September 2022

Changes to stamp duty land tax (SDLT) as part of the mini-budget 2022.

Higher rates before 23^rd September were;

• Up to £125,000 was 3%
• £125,000 to £250,000 was 5%
• £250,001 to £925,000 was 8%
• £925,001 to £1,500,000 was 13%
• Above £1,500,000 was 15%

Following the change they are as follows;

• Up to £250,000 is 3%
• £250,001 to £925,000 is 8%
• £925,001 to 1.5m is 13%
• Above 1.5m is 15%

Normal rates before 23^rd September were;

• Up to £125,000 was 0%
• £125,000 to £250,000 was 2%
• £250,001 to £925,000 was 5%
• £925,001 to £1,500,000 was 10%
• Above £1,500,000 was 12%

 Following the change they are as follows;

• Up to £250,000 is 0%
• £250,001 to £925,000 is 5%
• £925,001 to 1.5m is 10%
• Above 1.5m is 12%

More on Stamp Duty Land Tax from Wilson Browne:

Consultation On Amended SDLT Rules For Mixed-Use Property & Multiple Dwellings Relief