SDLT rates and thresholds for residential properties reverted to their pre-pandemic levels for land transactions from 1 October 2021 onwards. Temporary relaxations had applied for the ‘initial temporary relief period’ (1 April to 30 June 2021) and the ‘further temporary relief period’ (1 July to 30 September 2021).
From 1 October 2021, SDLT residential property rates are as follows (on band of consideration):
£0–£125,000: 0%;
£125,001–£250,000: 2%;
£250,001–£925,000: 5%;
£925,001–£1,500,000: 10%; and
over £1,500,000: 12%.
The 0% band for new residential leases also reverts to £125,000 from 1 October 2021.
SDLT rates and thresholds for residential properties reverted to their pre-pandemic levels for land transactions from 1 October 2021 onwards. Temporary relaxations had applied for the ‘initial temporary relief period’ (1 April to 30 June 2021) and the ‘further temporary relief period’ (1 July to 30 September 2021).
From 1 October 2021, SDLT residential property rates are as follows (on band of consideration):
£0–£125,000: 0%;
£125,001–£250,000: 2%;
£250,001–£925,000: 5%;
£925,001–£1,500,000: 10%; and
over £1,500,000: 12%.
The 0% band for new residential leases also reverts to £125,000 from 1 October 2021.
