Stamp Duty Land Tax – what you need to know
Last updated: 01 July 2021
For the latest information on Stamp Duty Land Tax in England, including rates and additional surcharges, please visit the government's website.
Also in Scotland and Wales, stamp duty rates and bands have been temporarily changed, but are different to England. Find out how this affects Scotland and Wales.
Please ensure you’ve read all the information on this page to help your application progress as quickly and as smoothly as possible.
Certificate of Title
We require at least five days’ notice when submitting a Certificate of Title.
We update our average service levels every day, so to get an indication of how long it’ll take us to process your case, check our service levels.
We’re continuing to assess and sign off cases using automated and desktop valuations where possible.
Adding Stamp Duty as an incentive
As we near closer to the deadline, we’ve received some enquiries regarding Stamp Duty being added as an incentive on New Build purchases. In line with existing criteria, if the addition of Stamp Duty doesn’t take the total incentives above 5% of the purchase price or valuation (whichever is lower), we don’t need to be informed. If it takes the total incentives over 5%, we must be informed, and this may affect the application or offer.
Local Authority Searches
We require conveyancers to carry out all the usual and necessary searches and enquiries. It’s important your client allows enough time for searches to be completed.
Top tips to ensure your case is packaged correctly
- Check NFI Online for our policy and examples of the documents required
- Key application details accurately in the system
- Attach all required documents individually, at the same time as submitting the application. Consider using a scanning app.
- Attach the right document (and not more than is asked for) to the correct requirement in the system.
- Notify us of changes as soon as possible
- If you need to make changes post-submission e.g purchase price, loan amount or term, you can amend the case in NFI Online.
Stamp Duty calculator
To calculate the SDLT for your clients property, use the stamp duty calculator on the Money Advice Service website.
Does this affect Scotland and Wales?
In Scotland, the Land and Buildings Transaction Tax (LBTT) replaced SDLT in 2015. LBTT rates also have the 4% surcharge on additional residential properties. For more information visit www.revenue.scot.
In Wales, Land Transaction Tax (LTT) was introduced from 1 April 2018. LTT rates also have the 3% surcharge on additional residential properties. For more information visit https://gov.wales/welsh-revenue-authority.