Residential rates
| Portion of the price | Rate |
|---|---|
| Up to £145,000 | 0% |
| £145,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| Above £750,000 | 12% |
Example: £300,000 main home
£4,600
Show workings
- 0% on £145,000 (£0 – £145,000) = £0
- 2% on £105,000 (£145,000 – £250,000) = £2,100
- 5% on £50,000 (£250,000 – £300,000) = £2,500
First-time buyers
First-time buyer relief raises the 0% band to £175,000, with no upper price limit.
Example: £300,000 first home
£4,000
Show workings
- 0% on £175,000 (£0 – £175,000) = £0
- 2% on £75,000 (£175,000 – £250,000) = £1,500
- 5% on £50,000 (£250,000 – £300,000) = £2,500
Additional Dwelling Supplement (ADS)
If you'll own more than one home, ADS of 8% of the whole price is added on top of LBTT for homes costing £40,000 or more. It can usually be reclaimed if you sell your previous main home within 36 months.
Example: £300,000 additional home
£28,600
Show workings
- 0% on £145,000 (£0 – £145,000) = £0
- 2% on £105,000 (£145,000 – £250,000) = £2,100
- 5% on £50,000 (£250,000 – £300,000) = £2,500
- Additional Dwelling Supplement (8% of the full price) = £24,000
Non-residential rates
| Portion of the price | Rate |
|---|---|
| Up to £150,000 | 0% |
| £150,001 to £250,000 | 1% |
| Above £250,000 | 5% |