Stamp Duty Land Tax in Northern Ireland – Advice


Advice on Stamp Duty Land Tax in Northern Ireland

Stamp Duty Land Tax (SDLT) is a tax that anyone purchasing a property over a certain price must pay. The amount of tax that you pay will depend on the price of the property that you are purchasing.

Earlier this year, a temporary stamp duty holiday was announced on the first £500,000 of all property sales in Northern Ireland and England.

How is stamp duty calculated?

Residential rates on purchases from 8th July 2020 to 31st March 2021

If you buy a residential property between the 8th July 2020 and 31st March 2021, you will only begin to pay stamp duty on the amount that you pay for the property above £500,000.

Therefore, if you purchase a property between the above dates and this property is under £500,000, you will not have to pay this stamp duty.

The usual stamp duty rates have been replaced by those in the table below:

Tax BandNormal Rate
Up to £500,0000%
The next £425,000 (the portion from £500,001 to £925,000)
The next £575,000 (the portion from £925,001 to £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%

Higher rates for additional properties

The 3% higher rate for purchases of additional properties still applies on top of the temporary rates (shown above) until 31st March 2021.

Tax BandAdditional Property
Up to £500,0003%
The next £425,000 (the portion from £500,001 to £925,000)8%
The next £575,000 (the portion from £925,001 to £1.5 million)13%
The remaining amount (the portion above £1.5 million)15%

New leasehold sales and transfers

The nil rate band which applies to the ‘net present value’ of rents payable for residential property has also increased to £500,00 until 31st March 2021.

The below rates will apply:

Net Present Value of any RentRate
Up to £500,0000%
Over £500,0001%

Right now, there are thousands of properties for sale under £500,000 on

For more advice on buying a property in Northern Ireland click here.

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