Property hub / Rates and sources
UK property tax rates for 2026/27
Every rate and threshold the calculators use, with the legislation or official guidance it comes from. Checked against primary sources on 3 October 2026. The Budget on 28 October 2026 may change them; we aim to review this page after each Budget.
Checked against legislation and HMRC guidanceUpdated 3 October 2026
Stamp Duty Land Tax (England and Northern Ireland)
| Part of the price | Standard | Higher rates | Non-resident, higher |
|---|---|---|---|
| Up to £125,000 | 0% | 5% | 7% |
| £125,001 to £250,000 | 2% | 7% | 9% |
| £250,001 to £925,000 | 5% | 10% | 12% |
| £925,001 to £1.5 million | 10% | 15% | 17% |
| Over £1.5 million | 12% | 17% | 19% |
- Higher rates apply from a price of £40,000, including for companies; a dwelling let on a lease with more than 21 years left is excluded.
- First-time buyers of a home to live in: 0% to £300,000, 5% to £500,000; no relief above £500,000.
- Companies buying a dwelling over £500,000: 17% (19% if non-resident) unless a relief applies.
- Non-residential and mixed use: 0% to £150,000, 2% to £250,000, 5% above. New leases: 0% on rent value to £150,000, 1% to £5 million, 2% above.
- Return and payment within 14 days of completion.
Sources: GOV.UK residential rates; additional property; non-UK residents; corporate bodies; non-residential; Finance Act 2003 ss 55, 76, 116, Schs 4, 4A, 4ZA, 5, 9A.
Land and Buildings Transaction Tax (Scotland)
| Part of the price | Residential |
|---|---|
| Up to £145,000 (£175,000 for first-time buyers) | 0% |
| £145,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| Over £750,000 | 12% |
- Additional Dwelling Supplement: 8% of the whole price from £40,000, and on most company purchases.
- Non-residential: 0% to £150,000, 1% to £250,000, 5% above. Mixed transactions use non-residential rates, with ADS on the residential part.
- Lease rent value: 0% to £150,000, 1% to £2 million, 2% above.
- Return within 30 days. ADS refund if the previous main home is sold within 36 months.
Sources: Revenue Scotland residential; ADS; non-residential.
Land Transaction Tax (Wales)
| Part of the price | Main | Higher |
|---|---|---|
| Up to £180,000 | 0% | 5% |
| £180,001 to £225,000 | 0% | 8.5% |
| £225,001 to £250,000 | 6% | 8.5% |
| £250,001 to £400,000 | 6% | 10% |
| £400,001 to £750,000 | 7.5% | 12.5% |
| £750,001 to £1.5 million | 10% | 15% |
| Over £1.5 million | 12% | 17% |
- Companies pay the higher rates on residential purchases from £40,000.
- No first-time buyer relief.
- Non-residential: 0% to £225,000, 1% to £250,000, 5% to £1 million, 6% above. Lease rent value: 0% to £225,000, 1% to £2 million, 2% above.
- Return within 30 days.
Source: Welsh Government, LTT rates and bands.
Income tax on rental profit
| Taxable income | 2026/27 | Property income from 2027/28 |
|---|---|---|
| Personal allowance £12,570 (reduced above £100,000) | 0% | 0% |
| First £37,700 above the allowance | 20% | 22% |
| To £125,140 | 40% | 42% |
| Above £125,140 | 45% | 47% |
| Mortgage interest tax reduction | 20% | 22% |
- 2027/28 property rates apply in England and Northern Ireland. In Wales they depend on a Welsh rate not yet set; 22%, 42% and 47% are assumed. Scotland sets its own; current Scottish rates are assumed.
- Scottish rates 2026/27: 19%, 20%, 21%, 42%, 45%, 48%. Welsh rates match England for 2026/27.
- Dividends 2026/27: 10.75%, 35.75%, 39.35%; £500 allowance.
- Personal allowance and basic rate limit frozen to 2030/31.
- Discretionary trusts: 45% (47% on property income from 2027/28); dividends 39.35%. Life interest trusts: 20% (22% on property income from 2027/28).
Sources: GOV.UK income tax rates; Finance Act 2026 ss 4 to 10 and Sch 1; ITTOIA 2005 s 274AA; Scottish income tax 2026/27.
Companies, gains and other taxes
| Tax | 2026/27 | Source |
|---|---|---|
| Corporation tax | 19% to £50,000, 25% from £250,000, marginal relief between (fraction 3/200); limits shared with associated companies; 25% flat for close investment-holding and non-UK resident companies | GOV.UK; CTA 2010 ss 18A to 18N |
| Capital Gains Tax, individuals | 18% within the basic rate band, 24% above; annual exempt amount £3,000 (trustees £1,500, at 24%) | GOV.UK; TCGA 1992 ss 1H, 1J |
| 60-day property CGT return | UK residents with tax to pay on residential property; non-residents on every UK land disposal | GOV.UK |
| ATED | £4,600 (over £500,000), £9,450 (£1m), £32,200 (£2m), £75,450 (£5m), £151,450 (£10m), £303,450 (over £20m) | GOV.UK; FA 2013 ss 102, 159 |
| Inheritance tax | 40% above £325,000 nil rate band plus up to £175,000 residence band (tapered above £2 million); both frozen to 5 April 2031; pensions included from 6 April 2027 | IHTA 1984 Sch 1, s 8D; FA 2026 ss 66 to 72 |
| Class 4 National Insurance (trading) | 6% on profits £12,570 to £50,270, 2% above | GOV.UK |
| Making Tax Digital for Income Tax | Qualifying income over £50,000 from April 2026, £30,000 from April 2027, £20,000 from April 2028 | GOV.UK |
| VAT on commercial property | 20% where opted to tax or a new building; registration threshold £90,000; Capital Goods Scheme from £600,000 (from 29 July 2026) | Notice 742A; Notice 700/9; Notice 706/2 |
| Non-Resident Landlord Scheme | 20% deducted from rent less allowable costs unless approved for gross payment; HMRC has announced 22% (the property basic rate) from 6 April 2027 | GOV.UK; HMRC technical note |