Three systems
The tax name follows the property
- SDLTEngland and Northern Ireland.
- LBTTScotland.
- LTTWales.
Worked comparison
Tax on a £350,000 home
| Location | Tax | First home | Replacing home |
|---|---|---|---|
| England / NI | SDLT | £2,500 | £7,500 |
| Scotland | LBTT | £7,750 | £8,350 |
| Wales | LTT | £7,500 | £7,500 |
Each tax is progressive: different slices of the price can be charged at different rates.
Buying position
Who is buying matters too
First-home relief differs by nation and can require every buyer to qualify. Additional properties can attract higher rates.