Main residential rates
| Portion of the price | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 to £400,000 | 6% |
| £400,001 to £750,000 | 7.5% |
| £750,001 to £1,500,000 | 10% |
| Above £1,500,000 | 12% |
Example: £300,000 main home
£4,500
Show workings
- 0% on £225,000 (£0 – £225,000) = £0
- 6% on £75,000 (£225,000 – £300,000) = £4,500
Higher residential rates
If you'll own more than one home, a separate higher-rates table applies (it isn't just a flat uplift) for homes costing £40,000 or more.
| Portion of the price | Rate |
|---|---|
| Up to £180,000 | 5% |
| £180,001 to £250,000 | 8.5% |
| £250,001 to £400,000 | 10% |
| £400,001 to £750,000 | 12.5% |
| £750,001 to £1,500,000 | 15% |
| Above £1,500,000 | 17% |
Example: £300,000 additional home
£19,950
Show workings
- 5% on £180,000 (£0 – £180,000) = £9,000
- 8.5% on £70,000 (£180,000 – £250,000) = £5,950
- 10% on £50,000 (£250,000 – £300,000) = £5,000
Non-residential rates
| Portion of the price | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 to £250,000 | 1% |
| £250,001 to £1,000,000 | 5% |
| Above £1,000,000 | 6% |