Stamp duty on a £400,000 property for additional-property buyers, compared
At £400,000, Wales is cheapest at £29,950 and Scotland is priciest at £45,350.
England & Northern Ireland
SDLT on a £400,000 residential property in England & Northern Ireland for a additional-property buyer is £30,000.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £125,000 | £125,000 | 0% | £0 |
| £125,001 – £250,000 | £125,000 | 2% | £2,500 |
| £250,001 – £925,000 | £150,000 | 5% | £7,500 |
- Additional-property surcharge (5%): £20,000
- If you sell a previous main residence within 36 months of this purchase, you may be able to reclaim the additional-property charge.
- You must file and pay within 14 days of completion.
Scotland
LBTT on a £400,000 residential property in Scotland for a additional-property buyer is £45,350.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £145,000 | £145,000 | 0% | £0 |
| £145,001 – £250,000 | £105,000 | 2% | £2,100 |
| £250,001 – £325,000 | £75,000 | 5% | £3,750 |
| £325,001 – £750,000 | £75,000 | 10% | £7,500 |
- Additional Dwelling Supplement (8%): £32,000
- If you sell a previous main residence within 36 months of this purchase, you may be able to reclaim the additional-property charge.
- You must file and pay within 30 days of completion.
Wales
LTT on a £400,000 residential property in Wales for a additional-property buyer is £29,950.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £180,000 | £180,000 | 5% | £9,000 |
| £180,001 – £250,000 | £70,000 | 8.5% | £5,950 |
| £250,001 – £400,000 | £150,000 | 10% | £15,000 |
- If you sell a previous main residence within 36 months of this purchase, you may be able to reclaim the additional-property charge.
- You must file and pay within 30 days of completion.
Scotland costs £15,400 more than Wales here. Scotland has a 10% marginal rate above £325,000, plus additional dwelling supplement of 8%, while Wales has a 10% marginal rate above £250,000.
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