Stamp duty on a £300,000 property for additional-property buyers, compared
At £300,000, Wales is cheapest at £19,950 and Scotland is priciest at £28,600.
England & Northern Ireland
SDLT on a £300,000 residential property in England & Northern Ireland for a additional-property buyer is £20,000.
| 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 | £50,000 | 5% | £2,500 |
- Additional-property surcharge (5%): £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 14 days of completion.
Scotland
LBTT on a £300,000 residential property in Scotland for a additional-property buyer is £28,600.
| 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 | £50,000 | 5% | £2,500 |
- Additional Dwelling Supplement (8%): £24,000
- 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 £300,000 residential property in Wales for a additional-property buyer is £19,950.
| 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 | £50,000 | 10% | £5,000 |
- 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 £8,650 more than Wales here. Scotland has a 5% marginal rate above £250,000, plus additional dwelling supplement of 8%, while Wales has a 10% marginal rate above £250,000.
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