Stamp duty rates (SLDT) on UK property transactions are linked to the price paid for a purchase.

Stamp duty is calculated over a number of different thresholds with clear delineation between the differing rates and is payable by the purchaser when buying a property, usually through the solicitor on completion of sale.

The rates for commercial property are different to residential and our calculator will offer guidance on residential property only.

Stamp duty calculator

Enter a property value to find out how much tax you will have to pay to buy it.

Stamp duty payable on this property is £10,000.00

Disclaimer: This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a home in England, Wales or Northern Ireland. The stamp duty calculator should be used as a guide. Calculations are based on information currently available, cannot be guaranteed and are subject to change.

* Second properties purchased for under £40,000 are exempt from stamp duty.

STAMP DUTY WHEN BUYING A Second property

In the 2015 autumn statement, the chancellor George Osborne announced that from April 2016 the SDLT (Stamp Duty Land Tax) would increase on any purchase of a second property.

Mr. Osborne quoted: "People buying a home to let should not be squeezing out families who can't afford a home to buy. So I am introducing new rates of stamp duty that will be three per cent higher on the purchase of additional properties like buy-to-lets and second homes".

The threshold will start at £40,000 for second homes and attract an additional 3%. As an example the tax paid on a £500,000 second property will increase from £15,000 to £30,000 payable by the purchaser.

The tax is applied to properties bought as a second home or a buy-to-let and will apply even if the property isn’t let out. However mobile homes, houseboats and caravans are classed as exempt. For most transactions the higher stamp duty will only apply to purchases of buy-to-let or second homes.

Someone who already owns a second home or buy-to-let, who plans to move house should also be exempt from the higher stamp duty rate. As the owner plans to replace their main residence.

STAMP DUTY FOR First Time Buyers

A first time buyer is classified as someone who has never owned a residential property abroad or in the UK. Including leasehold properties. First time buyers cannot get stamp duty relief on buy-to-let properties and the purchase must be your only residence.

For first time buyers, a change to the stamp duty means that anyone buying their first home won't be liable for stamp duty if the purchase price is below £300,000. Further relief is available for purchases up to £500,000 to help first time buyers in more expensive locations such as London.  

Please note that our calculator does not factor in the location of the property and will calculate the first time buyer relief at £300,000.

STAMP DUTY FOR EXISTING HOME OWNERS

There has been no change to existing home owners. So providing you sell you our existing property when purchasing your next property, the Stamp Duty will at the rates prior the 2018 Autumn budget.

Band

Normal Rate

Additional Property

First Time Buyer Band

First Time Buyer

** An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £125k the rate will be 3% on full purchase price.

***For purchases over £500k SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k. All calculations are based on information currently available, cannot be guaranteed and are subject to change.

less than £125k

0%

3%**

Less than £300k

0 (2)***

£125k to £250k

2%

5%

£300k to £500k

5%

£250k to £925k

5%

8%

£500k to £925k

5%

£925k to £1.5m

10%

13%

£925k to £1.5m

10%

rest over £1.5m

12%

15%

rest over £1.5m

12%

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