stamp duty land tax rates and bandings
England and Northern Ireland
Purchases completed on or after 1 April 2022
Purchase consideration
Rate – on portion above threshold
Rate if second or subsequent property
0 to £250,000*
0%
3%
£250,001 to £925,000
5%
8%
£925,001 to £1.5 million
10%
13%
Over £1.5 million
12%
15%
Note – there is a 2% surcharge in addition to the rates above where the purchaser is non-UK resident
* For first-time buyers, where consideration is no more than £625,000, the 0% band is increased to£425,000 and the 5% rate applies to any consideration above £425,000 up to £625,000.
Wales
Purchases completed on or after 10 October 2022
Purchase consideration
Rate – on portion above threshold
0 to £225,000
0%
£225,001 to £400,000
6%
£400,001 to £750,000
7.5%
£750,001 to £1.5 million
10%
Over £1.5 million
12%
Additional property purchases
Purchase consideration
Rate – on portion above threshold
0 to £180,000
4%
£180,001 to £250,000
7.5%
£250,001 to £400,000
9%
£400,001 to £750,000
11.5%
£750,001 to £1.5 million
14%
Over £1.5 million
16%
Our Core Services
Bookkeeping
Stressed out with paperwork? Let Butterworths Accountants take it off your hands. Simply drop off your invoices, bank statements and records, and we will take care of all the processing for you.
Making Tax Digital for Income Tax
From 6 April 2026, the major change under Making Tax Digital (MTD) for Income Tax Self-Assessment (MTD for ITSA) comes into effect in the UK. This is a significant update to how certain self-employed individuals and landlords report their income to HMRC.
Business start-up
Starting a business is a really exciting time, but we know it is also a very busy time. You will no doubt have your plans in place and the drive to succeed, but you may not be aware of all the financial aspects involved.
Accounting
Butterworths can help reduce the time you spend on admin work, letting you focus on what is really important to your business.
VAT
Value Added Tax (VAT) is a tax that must be paid when purchasing services or goods. At Butterworths we can help you through the whole VAT process, including:
Payroll
Worried about a PAYE inspection? Butterworths Accountants’ PAYE Healthcheck service is designed to identify PAYE issues before HMRC does.
Tax
Need help with your tax return or want to pay less tax? Butterworths Accountants provide personal tax services for both business owners and private individuals.