Stamp Duty Land Tax (SDLT) is different in England and Wales. Whether leaseholders are required to pay SDLT depends on the terms of their lease and the purchase price of the property. As a general rule, you'll be liable to pay stamp duty when you: 1Buy a leasehold property If the purchase price of the leasehold property exceeds the SDLT threshold set by the government, which changes over time, SDLT will apply. 2Extend a lease Leaseholders might also be subject to SDLT when they extend their lease, particularly if there is a substantial premium involved. 3Convert to freehold When converting leasehold to freehold through enfranchisement or lease extension, SDLT may be applicable based on the terms of the agreement. SDLT regulations are complex and subject to change, as we saw with the SDLT holiday of 2020/21. Seek advice from a knowledgeable leasehold solicitor or a qualified tax professional to understand the specific SDLT implications of your leasehold transaction. Calculate your SDLT