Stamp duty has now been reduced to 0% for all buyers making home purchases up to £500,000 from 8th July 2020 Stamp Duty FREE^* There are reductions for properties transacted above £500,000.

This is a change from the way in which SDLT has previously been calculated as the duty applied from £125,000 on an upward sliding scale (rather than on the total price within a certain band). This represents a substantial saving of duty on the previous calculation. The scheme applies immediately but will be reviewed at the end of June 2021.

^*Second home override of 3% will still apply

Calculate the duty payable here:
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Regional rate

The regional rate is set annually by the Northern Ireland Executive and is applied to each district council area in Northern Ireland. This pays for such services as:

• education
• housing
• health
• roads
• emergency services
• water and sewerage

Although a contribution is made by all ratepayers towards public services, there is no specific proportion that can be linked to the availability or usage of any particular public service.

The Executive has agreed that no specific or separate water or sewerage bills will be issued at the present time.

District rate

The district rate is set annually by each of the 26 district councils in Northern Ireland, and is used to fund services such as:

• building control
• tourism
• leisure facilities
• community centres
• environmental health
• arts, events and recreation

You can get more information about your district rate and what it pays for in your local area by contacting your council.