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Stamp Duty

Stamp Duty explained

Stamp Duty Land Tax (SDLT) is a type of tax you pay in England or Northern Ireland when you buy a house or piece of land. The amount you pay is calculated on the purchase price. if you are a first-time buyer purchasing up to £425,000 or if the property value is under £250,000 and will be your sole residence then you are fully exempt#. However, if you are purchasing an additional property to your main residence, a higher rate will be applied.

# Other exemptions include when a portion of the home is transferred to a partner or spouse following a divorce or separation and transferring the deeds of your home to another person as a gift.

Stamp duty is payable within 14 days of completion, this is normally handled by your legal representee.

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Stamp Duty thresholds

   

£0-£250,000 (£425,000 for first time buyers)0%
£250,001-£925,000:
5%
£925,001-£1.5m:  
10%
Over £1.5m:    
12%

Click here for more information on:

Mortgages
Conveyancing
House buying guide

Use our form below to calculate how much stamp duty you will pay on your new home.


The price of the property

Property is a buy to let or second home

Stamp Duty to pay is:

£0 GBP

(Effective rate 0%)

First Time Buyers pay no stamp duty up to £450,000 and on property purchases up to £625,000.

Purchase price of the property Rate of Stamp Duty

£0 - £125,000

0%

£125,001 - £250,000

2%

£250,001 - £925,000

5%

£925,001 - £1,5 million

10%

Over £1,5 million

12%

How is this calculated?

Under the latest government rules you may pay Stamp Duty at several different rates, depending on the purchase price. Under the old rules, there were several different Stamp Duty rates, but you as a homebuyer, paid the same rate on the whole purchase price.