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.

For more information please visit the HM Revenue and Customs Stamp Duty Land Tax page.

First Time Buyers
In the 2017 Autumn Statement, Chancellor Phillip Hammond announced stamp duty relief for first time buyers in England, Wales and Northern Ireland. From 22 November 2017 first time buyers paying £300,000 or less for a residential property will pay no Stamp Duty Land Tax (SDLT). First time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000, a reduction of £5,000 compared to the amount of SDLT they would have previously paid. This measure applies only to property transactions where the purchase price does not exceed £500,000. Purchase prices in excess of £500,000 will attract the current stam duty tax rate.

For more information on SDLT relief, please visit the HM Revenue and Customs relief for first time buyers page.

The revised rates and thresholds for residential property purchases worth £500,000 or less by first time buyers will be as follows:

 

Portion of consideration

Rate for first time buyers

Up to £125,000

0%

Over £125,000 and up to £250,000

0%

Over £250,000 and up to £300,000

0%

Over £300,000 and up to £500,000

5%

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.