Stamp Duty Calculator

You need to pay Stamp Duty when purchasing residential properties above £125,000. Use our calculator to see how much you will have to pay when purchasing a property

Stamp Duty Calculator

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What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax paid when purchasing a freehold, leasehold or shared ownership residential property over £125,000 in England, Northern Ireland and Wales.

Current Stamp Duty Tax Rates

Brackets    

Rate

£0-£125,000 

0%

£125,001-£250k

2%

£250,001-£925k

5%

£925,001-£1.5m

10%

£1.5m+

12%

How do I calculate the new Stamp Duty rate? 
So, if you bought a property for £850,000 you would you pay no stamp duty on the first £125,000, then 2% on £125,000 to £250,000 and 5% above £250,000. (eg:  £800,000 - £250,000 = £600,000 x 0.05 = £30,000 + £2,500 = £32,500). As the property price increases the rate of pay increases within a certain tax bracket with percentages rising when a higher price threshold is reached. Under the new SDLT property over £925,000 - £1.5m will be taxed at a rate of 10% compared with 5% in 2014.

Buy-to-let and second homes Stamp Duty
From April 2016, property buyers in England and Wales will have to pay an additional 3% on each stamp duty band.

Buy-to-let and second home Stamp Duty tax bands

Brackets Standard rate Buy-to-let/second home rate 
Up to £125,000 0% 3%
£125,001 - £250,000 2% 5%
£250,001 - £925,000 5% 8%
£925,001 - £1.5m  10% 13%
over £1.5m 12% 15%

Who pays Stamp Duty?
Stamp Duty is paid by everyone purchasing a property in England, Northern Ireland and Wales above £125,000, including overseas buyers.

When is Stamp Duty paid?
You must pay stamp duty to the HMRC 30 days from the date of completion or you may risk a fine. Your solicitor or legal advisor should take care of this for you and ensure you don't miss the deadline. Some buyers prefer to add on the SDLT amount to their mortgage loan. Please speak to your mortgage provider.

For more information, please contact one of our sales negotiators.