06 Jul 2021From 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