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Stamp Duty Calculator

If you buy a property or a piece of land over a certain value in England, Wales and Northern Ireland, then you have to Stamp Duty Land Tax (SDLT). The current SDLT threshold is £125,000 for residential properties or land with full planning permission and £150,000 for non-residential land and properties.

You pay must pay the Stamp Duty tax if any of the following apply:

 

  • You buy a freehold property
  • You buy a new or existing leasehold property
  • You buy a property through a shared ownership scheme
  • You are transferred land or property in exchange for payment e.g. you take on a mortgage or buy a share in a house
  • You pay Stamp Duty on increasing portions of the property price above £125,000

 

 

How much you pay

Property or lease premium or transfer value

SDLT rate

Up to £125,000 (excluding purchases below £40,000) 

£0

The next £125,000 (the portion from £125,001 to £250,000)     

 

2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

For Example:

If you buy a house for £275,000, the Stamp Duty you owe is calculated as follows:

0% on the first £125,000 =          £0
2% on the next £125,000 = £2,500
5% on the final £25,000 = £1,250
Total SDLT payable =  £3,750

 

SDLT calculator

To work out how much Stamp Duty Land Tax you will have to pay, click here to visit the Gov.uk website.

 

Higher rates for additional properties

From 1 April 2016, you’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.

Use the SDLT calculator to work out how much tax you’ll pay.

 

Are you considering selling a property?

Contact us to book a free valuation.

 

"We have thought carefully over the weekend about what to do next concerning selling our property, and we both think that for the time being we should stay put due to our situation. We will return to you, as you and your colleagues really are a top notch estate agent and we can clearly see just why you are so successful. Thank you all for your help."
Mr Oldfield - April 2014