Stamp Duty (officially known as ‘Stamp Duty Land Tax’ or ‘SDLT’) on residential property purchases is calculated at increasing rates for each portion of the price being paid, in a similar fashion to Income Tax. There is additional SDLT payable on properties purchased as either a second home or ‘Buy to let’. First time buyers may be exempt from SDLT, or pay a lower rate of SDLT.
Calculate Your Stamp Duty
Purchase Price: (£)
Please enter a numerical value
Results
Stamp Duty To Pay
Effective Rate
How the calulator works
| Tax Band | % | Taxable Sum | TAX |
|---|
Stamp Duty Summary
Click below to view futher information about stamp duty rates.
You can find information about independent financial advisors and guidance on how to find one that meets your needs at www.fca.org.uk/consumers/finding-adviser.
Standard Rate
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | 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% |
First-time buyer (up to £500,000)
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £300,000 | 0% |
| The next £200,000 (the portion from £300,001 to £500,000) | 5% |
|
Above £500,000 - any property worth more than £500,000 pays the standard stamp duty rates as set out in the first table on the entire amount |
N/A |
Buy to Let
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | 3% |
| The next £125,000 (the portion from £125,001 to £250,000) | 5% |
| The next £675,000 (the portion from £250,001 to £925,000) | 8% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 13% |
| The remaining amount (the portion above £1.5 million) | 15% |