Stamp duty on a £600,000 property for additional-property buyers, compared
At £600,000, England & Northern Ireland is cheapest at £50,000 and Scotland is priciest at £81,350.
England & Northern Ireland
SDLT on a £600,000 residential property in England & Northern Ireland for a additional-property buyer is £50,000.
| 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 | £350,000 | 5% | £17,500 |
- Additional-property surcharge (5%): £30,000
- 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 £600,000 residential property in Scotland for a additional-property buyer is £81,350.
| 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 | £275,000 | 10% | £27,500 |
- Additional Dwelling Supplement (8%): £48,000
- 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 £600,000 residential property in Wales for a additional-property buyer is £54,950.
| 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 |
| £400,001 – £750,000 | £200,000 | 12.5% | £25,000 |
- 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 £31,350 more than England & Northern Ireland here. Scotland has a 10% marginal rate above £325,000, plus additional dwelling supplement of 8%, while England & Northern Ireland has a 5% marginal rate above £250,000, plus additional-property surcharge of 5%.
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