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.
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