The following three tables show the amount of Stamp Duty payable on the purchase of a single residential property in England or Northern Ireland if the purchase completes before or after 1 April 2021. On that date, the Stamp Duty ‘holiday’ will end and a new 2% surcharge will apply to non-resident buyers.
Table 1: First-time buyers and home-movers
| Price (£) |
Tax Now (£) |
Tax From 1 April 2021 (£) |
Tax Saving (£) |
| 100,000 | 0 | 0 | £0 |
| 200,000 | 0 | 1,500 | 1,500 |
| 300,000 | 0 | 5,000 | 5,000 |
| 400,000 | 0 | 10,000 | 10,000 |
| 500,000 | 0 | 15,000 | 15,000 |
| 750,000 | 12,500 | 17,500 | 15,000 |
| 1,000,000 | 28,750 | 43,750 | 15,000 |
| 1,250,000 | 53,750 | 68,750 | 15,000 |
| 1,500,000 | 78,750 | 93,750 | 15,000 |
Table 2: Landlords and second-home buyers
| Price (£) |
Tax Now (£) |
Tax From 1 April 2021 (£) |
Tax Saving (£) |
| 100,000 | 3,000 | 3,000 | 0 |
| 200,000 | 6,000 | 7,500 | 1,500 |
| 300,000 | 9,000 | 14,000 | 5,000 |
| 400,000 | 12,000 | 22,000 | 10,000 |
| 500,000 | 15,000 | 30,000 | 15,000 |
| 750,000 | 35,000 | 50,000 | 15,000 |
| 1,000,000 | 58,750 | 73,750 | 15,000 |
| 1,250,000 | 91,250 | 106,250 | 15,000 |
| 1,500,000 | 123,750 | 138,750 | 15,000 |
Table 3: Non-residents buying ‘additional’ dwelling
| Price (£) |
Tax Now (£) |
Tax From 1 April 2021 (£) |
Tax Saving (£) |
| 1,000,000 | 58,750 | 93,750 | 35,000 |
| 2,000,000 | 198,750 | 253,750 | 55,000 |
| 3,000,000 | 348,750 | 423,750 | 75,000 |
| 4,000,000 | 498,750 | 593,750 | 95,000 |
| 5,000,000 | 648,750 | 763,750 | 115,000 |
| 10,000,000 | 1,398,750 | 1,613,750 | 215,000 |
| 20,000,000 | 2,898,750 | 3,313,750 | 415,000 |
| 50,000,000 | 7,398,750 | 8,413,750 | 1,015,000 |
| 100,000,000 | 14,898,750 | 16,913,750 | 2,015,000 |
This information is for general information purposes only, is not intended to constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.
Would you like to know more?
If you would like to discuss how this may affect you, please get in touch with your usual Blick Rothenberg contact or one of the partners to the right.
You can also visit our Property & Construction hub for more insights.